Kenneth Cole Productions, Inc.'s Board of Directors Approves Kenneth D. Cole's Offer to Acquire the Company for $15.25 per Share

Kenneth Cole Productions, Inc. KCP  (the "Company") announced that it has entered into a definitive merger agreement under which Kenneth D. Cole, Chairman and Chief Creative Officer of the Company and the beneficial holder of approximately 46% of the Company's outstanding common stock (representing approximately 89% of the voting power), will acquire the Company through KCP Holdco, Inc., an entity he controls that was formed for the purposes of the acquisition.