Michael’s Consignment continues to serve the most discerning and fashion-conscious women who understand value and appreciate all things beautiful.
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 daughter, Laura takes over the family business, expands to a second floor and propels consignment to new heights.
The current Michael’s on Madison Avenue is opened. Aaron’s son Michael was quoted saying:
“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
Ritz Thrift Shop was opened on 57th Street. Carrying fine furs for the discriminating woman, Aaron Kaye (Kosof) coined the now famous quote… “Every woman can look like a million without spending a million.”
Simon Kosofsky opens Cast Off Clothing and Furs, on the Lower East Side of Manhattan. It was a family affair.