Kenneth Cole Productions Inc. is taking control of its Kenneth Cole New York women’s sportswear license.
The New York-based firm said Monday it will terminate the category’s 5-year-old license agreement with Bernard Chaus Inc., effective June 1, 2011. The license was originally scheduled to expire in June 2012.
Total wholesale revenue from the line, which is distributed in more than 400 doors nationwide including Nordstrom, Bloomingdale’s, Dillard’s and Lord & Taylor, is estimated to be in excess of $50 million annually, according to a company statement.
Jill Granoff, CEO of Kenneth Cole Productions, said that bringing the line in-house will help build the company’s women’s business going forward.
“We intend to invest the resources required to realize the growth potential we believe exists in the wholesale, retail and international channels,” said Granoff.
Kenneth Cole Productions is scheduled to report its third-quarter financial results on Thursday.