NEW YORK — Michael Kors Inc. added a new license for its designer collection and upcoming Michael Michael Kors launch on Wednesday, signing Cipriani Accessories Inc. to develop certain categories of leather accessories under both labels.
This story first appeared in the January 15, 2004 issue of WWD. Subscribe Today.
For men, Cipriani will produce belts and small leather goods for each label, and for women, the company will produce belts. Cipriani will oversee sales, manufacturing and distribution for the product, while design, marketing and public relations will be handled by Michael Kors in its showroom.
The launch will primarily include belts, wallets and gift items, distinguished in the Michael Kors signature by hardware, hand-stitching and design details. Collection items will be priced to retail from $125 to about $395, while the better-priced Michael line will open at $40 for a basic webbed belt and go up to about $80 for leather pieces with hardware.
Cipriani is a 30-year-old accessories maker with a signature belt collection, as well as private label programs for May Co., Federated and Saks Inc. Its current licenses in the belt, small leather goods, bag and gift category include Guess, Nautica, Sean John and Nine West.