KCP » Topics » Financial Statements and Exhibits

This excerpt taken from the KCP 8-K filed Aug 6, 2009.

Financial Statements and Exhibits

 (d)

Exhibits

10.1

Amendment No. 2 to Credit Agreement dated as of July 30, 2009 between the Company, the financial institutions listed on the signature page thereto and JP Morgan Chase Bank, N.A.

10.2

Amended and Restated Credit Agreement dated as of July 30, 2009 between the Company, the lenders party thereto, PNC Bank National Association, Bank of America, N.A. and JPMorgan Chase Bank, N.A.



This excerpt taken from the KCP 8-K filed May 15, 2009.

Item 9.01 Financial Statements and Exhibits.


(d) Exhibits:


99.1 Press Release dated May 13, 2009



SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Kenneth Cole Productions, Inc.

Registrant

 

 

Dated:  May 15, 2009

By:      /s/ DAVID P. EDELMAN

Name: David P. Edelman

Title:   Chief Financial Officer



2



Exhibit Index

Description


Exhibit No.  99.1

Press Release dated May 13, 2009



3



Exhibit 99.1


Company Contact:

Investor Relations Contact:

Samantha Cohen

James R. Palczynski

Senior Director, Corporate Communications

Principal

Kenneth Cole Productions, Inc.

Integrated Corporate Relations, Inc.

(212) 830.7454

(203) 222.9013



KENNETH COLE PRODUCTIONS, INC.

NAMES INGO WILTS AS CREATIVE DIRECTOR

 

NEW YORK, MAY 13, 2009 – Kenneth Cole Productions, Inc. (NYSE: KCP) announced today that Ingo Wilts will join the Company as Creative Director, effective August 1, 2009. Mr. Wilts was previously the Senior Vice President and Creative Director for Hugo Boss. In this newly created role, Mr. Wilts will report to the Chairman and Chief Creative Officer Kenneth Cole, and will oversee design, design services and visual merchandising of all product classifications within the Kenneth Cole New York and Kenneth Cole Reaction brands.


With this move, Mr. Cole will maintain his current role as the creative visionary behind the brand, the product and the advertising, and will continue to focus on the company’s bigger picture strategic opportunities. Mr. Wilts will direct all aspects of product design and will lead the apparel, footwear and accessory design teams to create compelling fashion collections for men and women. He will also work with licensee partners to ensure consistency in design and design execution globally.


Mr. Cole said, “We recognized a need for a strong and experienced design leader who can focus 100% of his time on product, which we are sure will bring better uniformity and consistency across all categories. Ingo has an impressive track record and brings extraordinary experience as both a creative director and a leader. We are thrilled to have him join our team.” Mr. Cole continued, “As I have said before, it is a new era for me and the Company.  I appointed Jill Granoff as Chief Executive Officer early last year, and adding Ingo as our first Creative Director to partner with me and our strong management team is another important step in positioning the Company to achieve even greater success in the future.”


Mr. Wilts spent the past nine years at Hugo Boss where he was the creative force behind BOSS Black, BOSS Green, and the luxury brand BOSS Selection. In his most recent role, he oversaw all product categories for men and women, including apparel, footwear, and accessories. In addition, he was responsible for store visual merchandising, and a large creative team. Prior to Hugo Boss,



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Wilts was the Designer of men’s sportswear at Joop!, and held various design positions at Miltenberger where he worked on the Lagerfeld and Daniel Hecter brands.


Jill Granoff, Chief Executive Officer said, “Ingo brings the unique combination of strong artistic talent and a keen knowledge of the business. He understands our brand aesthetic as well as the breadth of our product categories, our multi-channel business model, and our global landscape. I know he will be a great asset to Kenneth and the Company, as we work toward reinforcing Kenneth Cole’s position as the quintessential metropolitan lifestyle brand.”


Mr. Wilts commented, "Kenneth Cole is an iconic American fashion brand with a solid heritage and immense unrealized global potential. I am thrilled to join Kenneth and the Company during a time of such significant opportunity. I look forward to working closely with him and Jill on realizing the long-term potential of the brand and building upon the DNA to create compelling contemporary fashion for modern men and women.”


About Kenneth Cole Productions, Inc.

Kenneth Cole Productions, Inc. designs, sources and markets a broad range of footwear, handbags, apparel and accessories under the brand names Kenneth Cole New York; Kenneth Cole Reaction; Unlisted; and Le Tigre, as well as footwear under the proprietary trademark Gentle Souls. The Company has also granted a wide variety of third party licenses for the production of men's, women's and children's apparel as well as fragrances, watches, jewelry, eyewear and several other accessory categories. The Company's products are distributed through department stores, better specialty stores, company-owned retail stores and its e-commerce website. Further information can be found at http://www.kennethcole.com.







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This excerpt taken from the KCP 8-K filed Apr 16, 2009.

Item 9.01 Financial Statements and Exhibits.


(d) Exhibits:


99.1 2008 Letter to Shareholders



SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Kenneth Cole Productions, Inc.

Registrant

 

 

Dated:  April 16, 2009

By:      /s/ DAVID P. EDELMAN

Name: David P. Edelman

Title:   Chief Financial Officer



2



Exhibit Index

Description


Exhibit No.  99.1

2008 Letter to Shareholders



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Exhibit 99.1



KENNETH COLE PRODUCTIONS, INC. 2008 LETTER TO SHAREHOLDERS

 

Dear Fellow Shareholders,


Kenneth Cole Productions celebrated its 25th anniversary in 2008 - an important milestone in the life of a company.  Today the Kenneth Cole brand is a distinctive, dual gender, full lifestyle brand, built upon a strong fashion heritage and a unique social voice.


Our business now encompasses more than 25 product categories sold in over 6,500 points of distribution in 70 countries worldwide.  Global retail sales of Kenneth Cole products are estimated at $1.5 billion and we continue to rank as one of the most recognized fashion brands with exceptionally high levels of consumer affinity.  These are important achievements of which we are proud.


2008 was also noteworthy from a leadership perspective.  We constructed a new leadership model - with Kenneth as Chairman and Chief Creative Officer focusing on product, marketing and public relations, and Jill as CEO running the day-to-day business.  We believe this new model will better enable the brand to realize its full potential, while also allowing the Company to operate more effectively so that we deliver increased value to our shareholders.


Of course, 2008 will also be remembered as a year of vast economic and political change.  The world was a very different place at the end of the year than it was at the beginning.  While the business climate in 2008 was challenging, we still take responsibility for our own performance and are disappointed with our results.  Sales were down 4% to $492 million and we generated a loss for the year, driven by the significant sales decline and margin pressure in the critical fourth quarter.


That said, there were several bright spots last year.  We saw impressive growth in our e-commerce business, our outlet stores and many of our international markets.  Our business became more diversified, with roughly half of our sales coming from Wholesale and the other half coming from Consumer Direct and Licensing - which we believe is a healthier business model.  We also maintained a strong balance sheet.  At the end of the year, we had $65 million in cash, no long-term debt, and 10% lower inventory than the prior year.


While we are living in unprecedented times, we also view this as a time of opportunity.  Throughout 2008 and in early 2009, we took decisive steps to begin the process of reinventing ourselves.  We collectively defined a vision for the business, and agreed upon the key objectives.  



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We realigned our organizational structure to support our strategy, and continued to build our talent and capabilities to help make the vision become reality.  We also reduced our expense base.  As a result of these actions, we are already leaner and more focused.  We believe we are now better able to respond to challenges and opportunities in the marketplace.  In addition, the team is energized by the new management structure, has a new sense of purpose, and shares a common vision for the future.


Our overarching goal for Kenneth Cole is to be recognized as “the quintessential metropolitan lifestyle brand for modern men and women who are confident, clever and cool.”  To achieve this vision, we have identified a core set of initiatives that we believe will make us a stronger, more focused business that delivers improved profitability regardless of the environment.  These initiatives are as follows:


Energize the Brand.  We spent considerable time in 2008 refining our brand vision to enhance the emotional connection with our customers and become more relevant and aspirational.  To leverage the power of our brand, we are working to communicate our vision more clearly and consistently across all consumer touch points, channels and geographies.


Our Spring 2009 campaign, entitled The Future is About to be Redressed, maintains our social voice while being more fashion focused and lifestyle driven. The campaign reinforces our unique brand identity with consumers and has been well received by our business partners around the world.


Create Compelling Product.  The hallmark of any great brand is its product.  We have been working to evolve our offerings to deliver compelling product - for multiple wearing occasions based on the needs of today’s consumers.  In addition, we are modifying our assortment models to improve the balance between fashion and core items while enhancing the price/value relationship.  Importantly, we are also focused on improving product quality, increasing speed-to-market, and collaborating more closely with our licensing partners to enhance design consistency across all categories.


We are working to reinvent our Kenneth Cole women’s footwear business.  We have introduced lower opening price-points within our Kenneth Cole men’s footwear and sportswear businesses. Our Le Tigre business with JCPenney is growing, and we see further opportunities for this brand across a variety of channels and geographies. In short, we are confident that our product will continue to improve and deliver greater value to consumers.


Accelerate Retail.  We believe that long term, there is significant opportunity in the Direct-to-Consumer channels.  Our stores and website provide us with the ability to showcase the brand



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more effectively and create a memorable and engaging experience for our consumers.  While our full-price retail business underperformed in 2008, we have developed a model for success, and will use 2009 to validate the model before rolling out additional stores.


Our outlet business, on the other hand, delivered solid performance in 2008 and we anticipate opening 10 to 15 new outlets in 2009 consistent with our long-term strategy.  Despite the difficult marketplace, we believe these new outlets should deliver positive ROI in year 1.  We are also extremely pleased with the performance of our e-commerce business, and know there is unrealized potential in this rapidly growing channel—both in terms of sales and the halo it can create for our brand.


Revitalize Wholesale.  Our roots are in wholesale, and we are intent on revitalizing business in this channel.  Over the past several months, we rationalized our portfolio, consolidating the Tribeca brand into other lines and terminating the Bongo license.  We believe this will enable us to refocus our efforts on exploiting the potential of Kenneth Cole New York and Kenneth Cole Reaction.  We also created a unified sales organization across all categories, and are working closely with our wholesale partners to explore new opportunities and develop strategies to maximize business in these challenging times.


Go Global.  Our international business remains underpenetrated and we expect it to be a significant opportunity for future growth.  We are working to accelerate growth in existing markets with a focus on Canada, parts of Europe, South America and the Middle East.  We are also preparing to enter select new markets in Asia, and hope to have stores open in these markets by 2010.


Build a Winning Culture.  Our ability to evolve our culture will be critical to our future success.  We have streamlined our organization to enable better, faster decision making and ensure greater collaboration.  We have also focused on increasing role clarity to foster greater accountability, and are implementing a new pay-for-performance program that better aligns the goals of our associates with those of our shareholders.


It is also our goal to make a difference in the world around us.  Our focus on social issues is a critical part of our DNA.  Staying true to our core, we chose to use our 25th anniversary as a platform to launch AWEARNESS—an initiative that supports, encourages, and empowers acts of service, volunteerism and social change.  Now, more than ever, we need to work together to effect change and build a more promising future.  As we have said before, “You can change your outfit, you can outfit change…or both.”


We believe our Company is well positioned to capitalize on future opportunities. 2009 promises



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to be a challenging year for retail, so our financial planning will be conservative.  This means tight control of inventory, expenses and capital investments.  At the same time, we will aggressively push product innovation, focus on building the brand, and work hard to optimize the customer experience in all channels of distribution.  In tough times, the best brands win.  It is our goal not only to survive, but to thrive and take market share in the process.


This year, in lieu of a traditional annual report format, we have again created a dynamic video that provides highlights of 2008 and an overview of future growth plans.  The video format is more environmentally friendly, enabling us to direct our resources in a more meaningful way.  To view the video, visit our website at kennethcole.com, click on the “About Us” menu and then select “Investors”.


We are optimistic about the future, and are laying a solid foundation for growth. We have begun the process of transformation.  We have a great brand, a talented team, and a strong balance sheet.  Now we will instill a laser-sharp focus on delivering improved results.  We expect top-tier performance and will evolve our products, marketing and in-store experience to engage and captivate consumers.  We will persevere and expect to emerge stronger when the economy rebounds.


As always, we are grateful for the support and dedication of our talented associates, our world-class partners and suppliers, and our loyal customers and shareholders.



KENNETH COLE

Chairman and Chief Creative Officer



JILL GRANOFF

Chief Executive Officer



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This excerpt taken from the KCP 8-K filed Mar 12, 2009.

Item 9.01 Financial Statements and Exhibits.


(d) Exhibits:


99.1 Press Release dated March 10, 2009



SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Kenneth Cole Productions, Inc.

Registrant

 

 

Dated:  March 12, 2009

By:      /s/ DAVID P. EDELMAN

Name: David P. Edelman

Title:   Chief Financial Officer



2



Exhibit Index

Description


Exhibit No.  99.1

Press Release dated March 10, 2009



3



Exhibit 99.1



Company Contact:

Investor Relations Contact:

Samantha Cohen

James R. Palczynski

Senior Director, Corporate Communications

Principal

Kenneth Cole Productions, Inc.

Integrated Corporate Relations, Inc.

(212) 830.7454

(203) 222.9013



KENNETH COLE PRODUCTIONS, INC. NAMES CHRIS NAKATANI

AS PRESIDENT OF WHOLESALE

 

NEW YORK, MARCH 10, 2009 – Kenneth Cole Productions, Inc. (NYSE: KCP) announced today that it has appointed Chris Nakatani to the position of President of Wholesale, effective immediately.  In this newly defined role, Nakatani will have sales responsibility for women’s and men’s footwear, handbags, and apparel for all brands in the Kenneth Cole portfolio.  He will also oversee planning, customer service and the field coordinator program. The Company has recently realigned its corporate structure and created a unified sales organization across categories to capitalize on the full potential of the Kenneth Cole brand with its wholesale partners and customers.

 

Nakatani brings 25 years of experience in wholesale sales, merchandising, licensing, corporate strategy, and retail development to this new role.  Prior to joining the Company, he was the Corporate Executive Vice President of Strategic Planning at Perry Ellis International, where he was responsible for three separate wholesale divisions. Previously, Nakatani spent eight years at Tommy Hilfiger in roles of increasing responsibility where he was directly accountable for over $700 million in retail sales covering 32 licensed businesses.  Prior to Tommy Hilfiger, Nakatani worked for Polo Ralph Lauren Corporation for nine years in Sales and Merchandising.  He started his career at Nordstrom.

 

Mr. Nakatani commented, "The Kenneth Cole brand has tremendous equity. I am thrilled to join the Company during a time of such significant opportunity, and look forward to leading the sales organization to new heights under its new unified structure.”

 

Nakatani will report to Jill Granoff, Chief Executive Officer.  Ms. Granoff said, “Chris is a terrific complement to the Company and our leadership team.  He brings extensive brand-building experience that we believe will enhance our wholesale business and make us a stronger company overall.”

 

Nakatani replaces Richard Olicker who announced his departure in late February.



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About Kenneth Cole Productions, Inc.

Kenneth Cole Productions, Inc. designs, sources and markets a broad range of footwear, handbags, apparel and accessories under the brand names Kenneth Cole New York, Kenneth Cole Reaction, Unlisted and Le Tigre, as well as footwear under the proprietary trademark Gentle Souls. The Company has also granted a wide variety of third party licenses for the production of men's, women's and children's apparel as well as fragrances, watches, jewelry, eyewear and several other accessory categories. The Company's products are distributed through department stores, better specialty stores, company-owned retail stores and its e-commerce website. Further information can be found at http://www.kennethcole.com.




5



This excerpt taken from the KCP 8-K filed Mar 2, 2009.

Item 9.01 Financial Statements and Exhibits.


(d) Exhibits:


99.1 Press Release dated February 27, 2009



SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Kenneth Cole Productions, Inc.

Registrant

 

 

Dated:  February 27, 2009

By:      /s/ DAVID P. EDELMAN

Name: David P. Edelman

Title:   Chief Financial Officer



2



Exhibit Index

Description


Exhibit No.  99.1

Press Release dated February 27, 2009



3



Exhibit 99.1

Company Contact:

Investor Relations Contact:

David Edelman

James R. Palczynski

Chief Financial Officer

Principal

Kenneth Cole Productions, Inc.

Integrated Corporate Relations, Inc.

(212) 265-1500

(203) 682-8229



KENNETH COLE PRODUCTIONS, INC. ANNOUNCES DEPARTURE OF RICHARD OLICKER, PRESIDENT OF WHOLESALE


NEW YORK, FEBRUARY 27, 2009 - Kenneth Cole Productions, Inc. (NYSE:KCP) announced today that Richard Olicker, President of Wholesale and Executive Vice President of the corporation, will be leaving the Company effective today to pursue other interests.  In his role at Kenneth Cole, Mr. Olicker had responsibility for wholesale sales and production of all footwear and handbags.  The parties reached the decision mutually after the Company decided to restructure the role.


Commenting on Mr. Olicker’s departure, Jill Granoff, Chief Executive Officer, said, "We thank Richard for his valuable contributions to the Company during the past three years.  Richard was instrumental in guiding our wholesale business. While we are disappointed to see him leave, we have a deep bench of management talent with footwear expertise, and I am confident this will be a relatively seamless transition.  Kenneth and I wish Richard only the best in his future endeavors.”

The Company expects to name a new President of Wholesale with responsibility for all product categories in the coming weeks.






About Kenneth Cole Productions, Inc.

Kenneth Cole Productions, Inc. designs, sources, and markets a broad range of footwear, handbags, apparel and accessories under the brand names Kenneth Cole New York; Kenneth Cole Reaction; Unlisted, Le Tigre, as well as footwear under the proprietary trademark Gentle Souls.  The Company has also granted a wide variety of third party licenses for the production of men's, women's and children's apparel as well as fragrances, watches, jewelry, eyewear, and several other accessory categories. The Company's products are distributed through department stores, better specialty stores, company-owned retail stores and its e-commerce website. Further information can be found at http://www.kennethcole.com.




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Forward Looking Statement Disclosure

The statements contained in this release, which are not historical facts, may be deemed to constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual future results might differ materially from those projected in such statements due to a number of risks and uncertainties, including but not limited to, demand and competition for the company's products, the ability to enter into new product license agreements or to renew or replace existing product licensee agreements, changes in consumer preferences or fashion trends, delays in anticipated store openings, and changes in the Company's relationships with retailers, licensees, vendors and other resources. The forward looking statements contained herein are also subject to other risks and uncertainties that are described in the Company's reports and registration statements filed with the Securities and Exchange Commission.




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This excerpt taken from the KCP 8-K filed Jan 15, 2009.

Item 9.01 Financial Statements and Exhibits.


(d) Exhibits:


99.1 Press Release dated January 13, 2009


Limitation on Incorporation by Reference


In accordance with General Instructions B.2 on Form 8-K, the information in this report (including the exhibit) is furnished pursuant to Item 2.02 and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to liabilities of that Section, unless we specifically incorporate it by reference in a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934.  The filing of this Current Report on Form 8-K is not an admission as to the materiality of any information in this report that is required to be disclosed solely by Regulation FD.



SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Kenneth Cole Productions, Inc.

Registrant

 

 

Dated:  January 15, 2009

By:      /s/ DAVID P. EDELMAN

Name: David P. Edelman

Title:   Chief Financial Officer













2




Exhibit Index

Description


Exhibit No.  99.1

Press Release dated January 13, 2009



3



Exhibit 99.1

Company Contact:

Investor Relations Contact:

David Edelman

James R. Palczynski

Chief Financial Officer

Principal

Kenneth Cole Productions, Inc.

Integrated Corporate Relations, Inc.

(212) 265-1500

(203) 682-8229



-- Kenneth Cole Productions, Inc. Pre-Announces Projected Q4 Results --


New York, New York, January 13, 2009 / PR Newswire – Kenneth Cole Productions, Inc. (NYSE: KCP) announced today that it expects to report fourth quarter revenues of approximately $125 million, down 5% versus last year, including a comparable store sales decline of 11% for the quarter.  Driven by one of the  worst retail climates  in decades, the Company anticipates that it will report a fourth quarter operating loss, excluding non-operating charges, in the range of $(0.20) to $(0.30) per diluted share.  No previous guidance was issued.  The Company expects to report audited results for the fourth quarter and fiscal 2008 during the first week of March 2009.


Jill Granoff, Chief Executive Officer of Kenneth Cole Productions commented “We made a conscious decision to convert our inventory to cash during the peak holiday shopping period to increase our liquidity.  While this placed short-term pressure on margins and profitability, we have taken proactive steps to maximize our ability to respond effectively to unforeseen challenges as well as opportunities that may lie ahead.  In addition, we have taken several actions to adjust our cost structure which will improve profit flow-through in the future.”


While the Company has not yet closed its books, it expects to end the year with approximately $65 million in cash and cash equivalents and no long-term debt.  Year-end inventory is anticipated to be approximately 10% lower than the prior year’s level in anticipation of reduced consumer spending in the first half of the year, and additional inventory reductions are planned over the course of the spring season.  The Company has also eliminated approximately $10 million of existing annual costs through a variety of restructuring initiatives, including a 10% net reduction in headcount during the fourth quarter, the closing of its Italy



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office, and the consolidation of its Tribeca footwear line into other brands.  As a result of these activities, along with charges for asset impairment and losses on investments, the Company also expects to incur non-operating charges of approximately $(0.40) to $(0.45) in the fourth quarter of fiscal 2008.


Granoff commented further, “Tough times present opportunity.  We are committed to increasing our profitability and laying the foundation for future growth.  We will be aggressive in further reducing costs and managing our inventories so we can drive shareholder value.  In addition, we are committed to a comprehensive process of business improvement and will work diligently to strengthen our brand, enhance our product assortment, accelerate retail performance, revitalize our wholesale business, and build a winning, consumer-driven culture. While the early part of 2009 should continue to be challenging due to uncertainty regarding consumer spending and the financial health of the retail industry in general, we are confident that we can demonstrate a successful transition of our business model and show improved results later in the year.”  


Separately, the Company announced that it will be presenting at the 11th Annual ICR XChange Conference on Thursday, January 15th at 11:10a.m. PST at the St. Regis hotel in Dana Point, California.  Jill Granoff, CEO, and David Edelman, CFO, will host the presentation.  The conference presentation will also be webcast live at www.Kennethcole.com.


About Kenneth Cole Productions, Inc.

Kenneth Cole Productions, Inc. designs, sources, and markets a broad range of footwear, handbags, apparel and accessories under the brand names Kenneth Cole New York; Kenneth Cole Reaction; Unlisted, Le Tigre, as well as footwear under the proprietary trademark Gentle Souls.  The Company has also granted a wide variety of third party licenses for the production of men's, women's and children's apparel as well as fragrances, watches, jewelry, eyewear, and several other accessory categories. The Company's products are distributed through department stores, better specialty stores, company-owned retail stores and its e-commerce website. Further information can be found at http://www.kennethcole.com.




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Forward Looking Statement Disclosure

The statements contained in this release, which are not historical facts, may be deemed to constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual future results might differ materially from those projected in such statements due to a number of risks and uncertainties, including but not limited to, demand and competition for the company's products, the ability to enter into new product license agreements or to renew or replace existing product licensee agreements, changes in consumer preferences or fashion trends, delays in anticipated store openings, and changes in the Company's relationships with retailers, licensees, vendors and other resources. The forward looking statements contained herein are also subject to other risks and uncertainties that are described in the Company's reports and registration statements filed with the Securities and Exchange Commission.



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This excerpt taken from the KCP 8-K filed Apr 17, 2008.

Item 9.01 Financial Statements and Exhibits


(c) Exhibits:


99.1 Press Release dated April 15, 2008

  

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

 

Kenneth Cole Productions, Inc.

Registrant

 

Dated: April 17, 2008

By:     /s/ DAVID P. EDELMAN

Name: David P. Edelman

Title:   Chief Financial Officer




2






Exhibit Index

Description


Exhibit No. 99.1

Press Release dated April 15, 2008                  

 






 



3



Exhibit 99.1


Company Contact:

 

Investor Relations Contact:

Samantha Cohen

David P. Edelman

James R. Palczynski

Senior Director,  Corporate

 Communications

Chief Financial Officer

Principal

Kenneth Cole Productions, Inc.

Kenneth Cole Productions, Inc.

Integrated Corporate Relations, Inc.

(212) 830.7454

(212) 315.8208

(203) 222.9013


KENNETH COLE PRODUCTIONS, INC. NAMES JILL GRANOFF  

AS CHIEF EXECUTIVE OFFICER


NEW YORK, APRIL 15, 2008 – Kenneth Cole Productions, Inc. (NYSE:KCP) announced today that it has appointed Jill Granoff, an accomplished executive for both specialty retail and wholesale businesses, as the Chief Executive Officer of the Company.  Ms. Granoff will assume primary responsibility for domestic and international operations including the Company’s retail, wholesale, and licensing businesses and the related support functions.  Kenneth Cole will continue as the Chairman and Chief Creative Officer, retaining creative control over brand positioning, product, design, and advertising.

Ms. Granoff will report to Mr. Cole and join the Company’s Board of Directors.  Her start date will be May 5th.  This move allows Mr. Cole to focus on brand and product development and the company’s bigger picture strategic opportunities, while Ms. Granoff runs the day-to-day business.  Mr. Cole said, “We are extremely excited to have Jill on our team.  She has a great track record of building brands, and I look forward to working with her and leveraging her strategic and operational capabilities to improve all aspects of our Company.”  Mr. Cole continued, “It is a new era for me and the Company.  I am confident that having an executive of Jill’s stature and abilities, to partner with me and our strong management team, will allow the company to achieve even greater successes in its next chapter.”

Ms. Granoff was most recently at Liz Claiborne Inc. where she was the Executive Vice President of Direct Brands.  She was responsible for the key growth engines at Liz Claiborne with global oversight for Juicy Couture, Lucky Brand Jeans, Kate Spade and the company’s Outlet stores and E-Commerce businesses. Prior to joining Liz Claiborne, Ms. Granoff was President and Chief Operating Officer of Victoria’s Secret Beauty. During her tenure, she helped double sales from $500 million to nearly $1 billion, making Victoria’s Secret Beauty one of the leading specialty retailers of fragrances and cosmetics in the United States.  Previously, Ms. Granoff worked at The Estee Lauder Companies following several years as a management consultant specializing in strategic planning and organization development.

Ms. Granoff commented, “I feel privileged to have the opportunity to work with Kenneth and the management team to realize the extraordinary potential of this global lifestyle



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brand.  I am particularly excited to help build upon the strong brand heritage while helping to drive new growth initiatives in the retail and international arenas.”  Kenneth Cole Productions is celebrating its 25th year anniversary and is recognized worldwide as a leading fashion brand of women’s, men’s and children’s apparel, shoes and accessories.  Retail sales of company developed and licensed Kenneth Cole products are estimated at $1.5 billion globally with distribution in over 64 countries.

About Kenneth Cole Productions, Inc.

Kenneth Cole Productions, Inc. designs, sources, and markets a broad range of footwear, handbags, and accessories under the brand names Kenneth Cole New York; Kenneth Cole Reaction; Unlisted, a Kenneth Cole Production; and Tribeca, a Kenneth Cole Production, as well as footwear under the proprietary trademark Gentle Souls and under the licensed trademark Bongo. The Company recently acquired in an asset purchase the Le Tigre   trademark and has signed a deal to launch all classifications of the Le Tigre brand at JCPenney stores nationwide.  The Company has also granted a wide variety of third party licenses for the production of men's, women's and children's apparel as well as fragrances, timepieces, eyewear, and several other accessory categories. The Company's products are distributed through department stores, better specialty stores, and company-owned retail stores as well as direct-to-consumer catalogs and e-commerce. Further information can be found at http://www.kennethcole.com



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This excerpt taken from the KCP 8-K filed Jan 10, 2008.

Item 9.01 Financial Statements and Exhibits.


(d) Exhibits:


99.1 Press Release dated January 8, 2008




SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Kenneth Cole Productions, Inc.

Registrant

 

 

Dated:  January 10, 2008

By:     /s/ DAVID P. EDELMAN

Name: David P. Edelman

Title:   Chief Financial Officer




















2



Exhibit Index

Description


Exhibit No.  99.1

Press Release dated January 8, 2008



3



Exhibit 99.1


Company Contact:

Investor Relations Contact:

David Edelman

James R. Palczynski

Chief Financial Officer

Principal

Kenneth Cole Productions, Inc.

Integrated Corporate Relations, Inc.

(212) 265-1500

(203) 682-8229



-- Kenneth Cole Productions to Expand the Le Tigre Brand to JCPenney --


New York, New York, January 8th 2008 / PR Newswire – Kenneth Cole Productions, Inc. (NYSE: KCP) today announced that it will launch the Le Tigre brand at JCPenney in spring 2008.  The brand will debut in juniors sportswear and is also expected to expand into other categories, such as juniors footwear and accessories as well as young men’s apparel, footwear and accessories.

In conjunction with the arrangement, Kenneth Cole Productions also announced that it has hired Ryan O’Sullivan, the former chief executive officer of Le Tigre, LLC, as the Divisional President of its new Le Tigre Division.  In addition, the Company has retained the existing Le Tigre design team and certain key individuals to maximize continuity in the brand aesthetic.

Mr. O’Sullivan stated, “My team and I are delighted to be joining forces with Kenneth Cole and I am excited to leverage the Le Tigre brand through major new accounts and partners, both in the United States and internationally.  We believe that JCPenney is an ideal retail partner for Le Tigre, allowing us to offer premium branded items to consumers at affordable prices.  I am confident that the Le Tigre brand will have great appeal for the JCPenney customer and I look forward to continuing to work with their organization to build a substantial long-term business.”

“Le Tigre is a powerful brand that brings a progressive, ‘active-inspired’ style to our merchandise offerings, enabling JCPenney – the No. 1 department store in the mall for teens -- to continue meeting the diverse styles of our juniors customer,” said Ken Hicks, president and chief merchandising officer, JCPenney.  “We look forward to expanding our relationship with Kenneth Cole Productions to offer the popular Le Tigre brand to more JCPenney customers in the future.”


About Kenneth Cole Productions, Inc.

Kenneth Cole Productions, Inc. designs, sources, and markets a broad range of footwear, handbags, and accessories under the registered trademarks KENNETH COLE NEW YORK, KENNETH



4



COLE REACTION, UNLISTED and TRIBECA as well as footwear under the proprietary trademarks GENTLE SOULS and LE TIGRE and under the licensed trademark BONGO.  The Company has also granted a wide variety of third party licenses for the production of men's, women's and children's apparel, as well as fragrances, timepieces, eyewear, and several other accessory categories. The Company's products are distributed through department stores, better specialty stores, and company-owned retail stores as well as direct to consumer catalogs and e-commerce. Further information can be found at http://www.kennethcole.com.


Forward Looking Statement Disclosure

The statements contained in this release, which are not historical facts, may be deemed to constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995.  Actual future results might differ materially from those projected in such statements due to a number of risks and uncertainties, including but not limited to, demand and competition for the company's products, the ability to enter into new product license agreements or to renew or replace existing product licensee agreements, changes in consumer preferences or fashion trends, delays in anticipated store openings, and changes in the Company's relationships with retailers, licensees, vendors and other resources.  The forward looking statements contained herein are also subject to other risks and uncertainties that are described in the Company's reports and registration statements filed with the Securities and Exchange Commission.




5



This excerpt taken from the KCP 8-K filed Oct 26, 2007.

Item 9.01 Financial Statements and Exhibits.


(d) Exhibits:


99.1 Certificate of Amendment of the Certificate of Incorporation of Kenneth Cole Productions, Inc. dated October ­­15, 2007


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Kenneth Cole Productions, Inc.

Registrant

 

  

Dated: October 26, 2007

By:       /s/ DAVID P. EDELMAN

Name:  David P. Edelman

Title:    Chief Financial Officer




2




Exhibit Index

Description


Exhibit No.  99.1

Certificate of Amendment of the Certificate of Incorporation of Kenneth Cole Productions, Inc. dated October ­­15, 2007



3




Exhibit 99.1


CERTIFICATE OF AMENDMENT

OF THE

CERTIFICATE OF INCORPORATION

OF

KENNETH COLE PRODUCTIONS, INC.


Under Section 805 of the Business Corporation Law




FIRST

The name of the corporation is Kenneth Cole Productions, Inc.  The name under which the corporation was formed was Kenneth Cole, Inc.


SECOND

The certificate of incorporation of the corporation was filed with the Department of State of the State of New York on September 3, 1982.  


THIRD

The amendment effected by this certificate is as follows:  


Article 4.A. of the certificate of incorporation relating to the number of shares which the corporation has authority to issue is amended to increase the aggregate number of authorized shares from 30,000,000 shares to 50,000,000 shares and increase the number of authorized shares of Class A Common Stock, par value $.01 per share, from 20,000,000 shares to 40,000,000, as follows:


“4.  A.   Authorized Shares.  The total number of shares of all classes which the Corporation shall have the authority to issue is 50,000,000, consisting of (i) 40,000,000 shares of Class A Common Stock, par value $0.01 per share (hereinafter referred to as the “Class A Common Stock”), (ii) 9,000,000 shares of Class B Common Stock, par value $0.01 per share (hereinafter referred to as the “Class B Common Stock”, the Class A Common Stock and the Class B Common Stock hereinafter collectively referred to as the “Common Stock”), and (iii) 1,000,000 shares of Preferred Stock, par value $1.00 per share (hereinafter referred to as the “Preferred Stock”).


FOURTH

This amendment to the certificate of incorporation of Kenneth Cole Productions, Inc. was authorized by the vote of the board of directors followed by a vote of a majority of all outstanding shares entitled to vote thereon at the corporation’s Annual Meeting of Shareholders on May 16, 2007.  




4



IN WITNESS WHEREOF, the undersigned has signed this Certificate of Amendment this 4th day of October, 2007.


/s/ DAVID P EDELMAN

Name:  David P. Edelman

Title:    Chief Financial Officer



5



This excerpt taken from the KCP 8-K filed Sep 18, 2007.

Item 9.01 Financial Statements and Exhibits.


(d) Exhibits:


99.1 Press Release dated September 18, 2007


 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

Kenneth Cole Productions, Inc.

Registrant

 

  

Dated: September 18, 2007

By:       /s/ DAVID P. EDELMAN

Name:  David P. Edelman

Title:    Chief Financial Officer




2




Exhibit Index

Description


Exhibit No.  99.1

Press Release dated September 18, 2007



3




Exhibit 99.1


Company Contact:

Investor Relations Contact:

David Edelman

James R. Palczynski

Chief Financial Officer

Principal

Kenneth Cole Productions, Inc.

Integrated Corporate Relations, Inc.

(212) 265-1500

(203) 682-8229


-- Kenneth Cole Productions Acquires the Le Tigre Brand --


New York, New York, September 18, 2007 / PR Newswire – Kenneth Cole Productions, Inc. (NYSE: KCP) today announced that it has acquired in an asset purchase the Le Tigre trademark, iconic tiger logo, portfolio of licenses, and other intellectual property associated with the Le Tigre brand.  Le Tigre sportswear is currently sold in premiere specialty stores as well as better department stores including Nordstrom and Lord & Taylor.  In conjunction with the acquisition, the Company has entered into a license agreement with Le Tigre, LLC to continue manufacturing and selling sportswear under the Le Tigre brand.

Chairman and Chief Executive Officer Kenneth Cole said, “We are pleased to add such a strong and internationally respected brand to our portfolio.  We believe there is significant upside for the Company, specifically through various licensing opportunities as well as through the introduction of men’s, women’s and children’s footwear.  Ryan O’Sullivan, the CEO of Le Tigre, LLC, has brought great vision to the brand, and he and his team have done an excellent job of reinvigorating it into what it is today.  We look forward to working with them going forward.”  

Chief Financial Officer David Edelman added, “We believe that this transaction provides us an opportunity to diversify our brand portfolio and further build on our high-margin licensing revenue stream.  There has been considerable interest expressed in expanding or adding the Le Tigre brand merchandise across various classifications.  We are excited to use the strength of our balance sheet to acquire a new vehicle that we are confident will create growth and value for our shareholders.”

Ryan O’Sullivan, CEO of Le Tigre, LLC, commented, “Kenneth has a unique voice and he is both a talented designer and a respected and visionary business leader. This deal presents a tremendous opportunity for us by joining forces with Kenneth Cole Productions to unlock the full potential of the Le Tigre brand.  We are looking forward to expanding our



4



business, growing the brand into new categories, and leveraging the solid work that we have already done with this compelling brand.”


About Kenneth Cole Productions, Inc.

Kenneth Cole Productions, Inc. designs, sources, and markets a broad range of footwear, handbags, and accessories under the registered trademarks KENNETH COLE NEW YORK, KENNETH COLE REACTION, UNLISTED and TRIBECA as well as footwear under the proprietary trademark GENTLE SOULS and under the licensed trademark BONGO. The Company has also granted a wide variety of third party licenses for the production of men's, women's and children's apparel, as well as fragrances, timepieces, eyewear, and several other accessory categories. The Company's products are distributed through department stores, better specialty stores, and company-owned retail stores as well as direct to consumer catalogs and e-commerce. Further information can be found at http://www.kennethcole.com.


Forward Looking Statement Disclosure

The statements contained in this release, which are not historical facts, may be deemed to constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual future results might differ materially from those projected in such statements due to a number of risks and uncertainties, including but not limited to, demand and competition for the Company's products, the ability to enter into new product license agreements or to renew or replace existing product licensee agreements, changes in consumer preferences or fashion trends, delays in anticipated store openings, and changes in the Company's relationships with retailers, licensees, vendors and other resources. The forward looking statements contained herein are also subject to other risks and uncertainties that are described in the Company's reports and registration statements filed with the Securities and Exchange Commission.




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