“In a major shift for American fashion, Donna Karan, the 66-year-old founder and chief designer of Donna Karan International [DKI], a brand that defined the way American working women dressed for decades, announced on Tuesday that she was leaving the helm of the house that bears her name,” reports The New York Times.
The story continues, “Ms. Karan will remain as an adviser to Donna Karan International, but devote more time to her Urban Zen line, which centers on wellness and artisanal goods, and its foundation.”
DKNY is part of Donna Karan International, and back in 2001, according to WWD (Women’s Wear Daily), “LVMH Moët Hennessey Louis Vuitton paid $243 million for all outstanding shares in DKI, plus $400 million for Gabrielle Studio Inc., the licensor of the Donna Karan trademarks.”
WWD adds, “At the present time, DKI won’t seek a successor for Karan as chief designer of Donna Karan Collection and will suspend that brand’s runway shows and collections for now. The company plans to continue to support the Karan brand through its strong license business. DKI will also reorganize its teams and structure in order to substantially increase its focus on the DKNY brand.”
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