Kenneth Cole Acquires Le Tigre Brand

Kenneth Cole Productions Inc. acquires 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 says, "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."