Kenneth Cole Productions, Inc. (NYSE: KCP) announced today that is has consolidated it's women's belt and hosiery licenses with Liz Claiborne Inc. (NYSE: LIZ).

This agreement combines Kenneth Cole's design vision and marketing philosophy with Liz Claiborne's apparel industry expertise. Under the agreement, Liz Claiborne will produce the Kenneth Cole New York collection of women's hosiery and belts debuting Fall 2000 and Spring 2001, respectively. The collections will be re-launched in key department and specialty stores nationwide. Reaction Kenneth Cole and will debut hosiery and belt collections in conjunction with the launch of their women's wear collections in 2001.

The hosiery will be comprised of a range of styles, technologically advanced fabrics and assorted textures and colors. Belts will be offered in a multitude of colors, as well as fashion styles in leather and innovative fabrications. "There is an obvious synergy with women's wear," said Paul Blum, Chief Operating Officer and Executive Vice President of Kenneth Cole Productions, Inc. "This relationship affords us the opportunity to better coordinate the design, sales and delivery with our ready to wear collection and thus enhancing the brands continuity."

"We think the addition of hosiery and belts to the Kenneth Cole collection is a key element in developing this premier lifestyle brand," said Denise V. Seegal, President, Liz Claiborne Inc. "The continued expansion within the brand provides added versatility and options to the Kenneth Cole consumer."

Liz Claiborne Inc. designs and markets an extensive range of women's and men's fashion apparel and accessories appropriate to wearing occasions ranging from casual to dressy. The Company also markets fragrances for women and men. Liz Claiborne Inc.'s brands include Claiborne, Crazy Horse, Curve, Dana Buchman, Elisabeth, Emma James, First Issue, Laundry by Shelli Segal, Liz Claiborne, Lucky Brands, Russ, Sigrid Olsen, and Villager. In addition, Liz Claiborne Inc. holds the exclusive, long-term license to source, market and sell men's and women's DKNY® Jeans and DKNY® Active collections, as well as DKNY® City better women's sportswear in the Western Hemisphere. The Company also has the exclusive licensee to produce women's wear under the Kenneth Cole New York, and Reaction Kenneth Cole brand names.

Kenneth Cole Productions, Inc. is a designer, marketer, wholesaler and retailer of sophisticated apparel and accessories for the fashion-conscious professional. The company currently offers women's and men's shoes, apparel, outerwear, sunglasses, eyeglasses, hosiery, jewelry, belts, watches, small leather goods, luggage, women's handbags and scarves, and men's tailored clothing, loungewear, underwear, ties, and dress shirts.