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Parfums givenchy and michael kors michael kors crossbody bags partner michael kors sale online for worldwide beauty products New york(Business wire)Oct.This announcement marks a logical step in lvmh's relationship with michael kors.In february of this year, lvmh purchased a one third stake in kors' business.At the time, plans were disclosed to seek strategic relationships offering worldwide licensing potential in new product categories, fragrance being of paramount importance.Givenchy's north american subsidiary will establish a separate business unit to oversee the global development, marketing and distribution of the kors line.Products marketed under the michael kors name will be available in late fall 2000/early spring 2001.All products will be distributed through department and specialty stores.Michael kors noted,"I have been looking forward to working on a fragrance for quite some time, and now that we have this alliance with parfums givenchy, i know it will exceed all our expectations well into the future. "Patrick choel, president of the lvmh fragrances cosmetics group, stated,"This licensing agreement is consistent with our long term strategy of expanding our reach and presence in north america;It will give us an unprecedented opportunity to establish a new, global line from the united states. "Camille mcdonald, president michael kors women coats jackets and ceo ofParfums givenchy inc., North America added,"Michael kors and givenchy are ideal partners in the luxury arena.Our michael kors wallets sloan team has been strengthened to continue our success in marketing long term brands, while also adding creative and product development expertise.It's the perfect moment for us to work with michael on the creation of signature fragrance, and body lines that will capture his unique style. "Michael kors collection was launched in 1981 to unanimous praise from the worldwide media.In more recent years, the company launched kors michael kors, a bridge line under license to onward kashiyama in 1995 and a capsule michael kors menswear collection in 1997.Mr.Kors became the first women's ready to wear designer for celine(A division of lvmh)In 1997, where he was subsequently named creative director in february of this year.Parfums givenchy inc.It is the fifth largest prestige fragrance company in the united states with strong representation in department and specialty stores.Givenchy's stable of brands, which generally rank among the top 20, include amarige, organza and ysatis for women, as well as(Pi) (Pi), Givenchy for men.Lvmh moet hennessy louis vuitton, the world's leading luxury goods group produces perfumes and cosmetics through its fragrances cosmetics group, whose brands include parfums christian dior, guerlain, givenchy, and kenzo.Lvmh also produces and sells champagne and cognac through the wine spirits group, with brands including dom perignon, moet chandon, veuve clicquot ponsardin, krug, pommery, hennessy and hine. The Company's Fashion Leather Goods group includes Louis Vuitton, Loewe, Givenchy, Kenzo, Christian Lacroix and Celine, whereMr.Kors is the creative director.Its adrs, each equal to one fifth of an ordinary share, trade on the nasdaq national market system in the us.
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