Michael's Consignment Timeline... consignment moguls since 1902!
Posted on March 05 2016
Simon Kosofsky opened a secondhand shop, Cast Off Clothing and Furs, on the Lower East Side of Manhattan.
Simon’s son, Aaron, moves uptown and expands the family business by opening Ritz Furs on 57th street.
The current Michael’s on Madison Avenue is opened by Aaron’s son, Michael Kosof, with the idea that “I, Michael, need more Chanel, Hermes, Prada, Louis Vuitton and other treasures. My clients value these exquisite things, and so do I.” - Michael Kosof 1954.
Michael’s daughter, Laura, takes over the family business, expands to a second floor and propels consignment to new heights.
Laura’s daughter, Tammy, joins the business, adds a newly designed website, creates all things “social” for the store and begins selling online.
Michael’s Consignment continues to serve the most discerning and fashion-conscious women who understand value and appreciate all things beautiful.