"I am willing to say that I have no idea what the next year will bring," Kors said. "I felt that to be able to give Michael Kors the time it needs, while making such a commitment to Celine, that it might not work. I need to be able to give this my all, since it’s a new venture for me."
Jean-Marc Loubier, president of Celine, said that under Kors’ creative direction, the house has built up its ready-to-wear first, but has recently put a bigger focus on the bags, shoes and accessories.
"We have created a core recognition in design and a commercial range of products in leather goods and shoes that we didn’t have before," he said, noting that sales of leather goods doubled in America in 2002. Kors said the deal will not affect his plans to show his signature fall collection in New York on Feb. 12 or his next Celine show on March 7 in Paris.