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Michael Kors does not sleep on a deal. Barely six days after Kenneth Cole announced that it would be closing its Rockefeller Center flagship, Kors has snapped up the space. The label didn't even use a broker to lock down the ten-year lease on the two-floor boutique, which occupies an ideal location on Fifth Avenue just across the street from Saks. Kors is on an expansion kick: He recently opened a space on Bleecker Street, and he's rumored to be looking for another spot in the Meatpacking District.
· Kenneth Cole shuttering 8 U.S. stores [Crain's]
· Michael Kors snags Fifth Avenue location [New York Post]
· Michael Kors, Space NK Want to Join the High Line Party [Racked NY]