Home / Knowledge / News / Fashion / Donna Karan steps down as chief designer at DKI
Donna Karan steps down as chief designer at DKI
01
Jul '15
One of the most iconic fashion designers Donna Karan is stepping down as chief designer at Donna Karan International (DKI) a company she co-founded with two others in 1984.

Quoting DKI, WWD said Donna Karan now plans to devote greater time to her Urban Zen company and foundation, but will still remain a close adviser to DKI.

DKI went public on the New York Stock Exchange in 1996 and in 2001; LVMH paid $243 million to acquire DKI and an additional $400 million to acquire the Donna Karan trademarks from Gabrielle Studio.

“LVMH and I have made this decision after much soul-searching,” WDD quoted Karan as saying.

“I have arrived at a point in my life where I need to spend more time to pursue my Urban Zen commitment to its fullest potential and follow my vision of philanthropy and commerce with a focus on health care, education and preservation of cultures,” she added.

“After considering the right time to take this step for several years, I feel confident that DKI has a bright future and a strong team in place,” Karan observed.

Quoting sources, WDD informed that DKI may be considering merging the Donna Karan Collection into DKNY and offering a broader range of price points.

This is similar, but opposite tack taken by sister brand Marc Jacobs, which is incorporating Marc by Marc Jacobs into the Marc Jacobs collection.

CEO at LVMH Pierre-Yves Roussel said, “Since 2001, LVMH and Donna Karan have partnered to develop Donna Karan International into a global business.”

“We are committed to fully realizing the potential of the company while staying true to the spirit and value Donna has championed for more than 30 years,” Roussel too added.

Caroline Brown, CEO at DKI stated, “Donna Karan is a visionary designer, who changed the way women dress by redefining power and sensuality.”

“As she steps into this new role, I speak for the many teams at DKI in supporting her great legacy and reinforcing our commitment to it for our next chapter,” Brown noted. (AR)

Fibre2Fashion News Desk - India


Must ReadView All

'Knitting machines can be used for various applications'

Textiles | On 21st Aug 2018

'Knitting machines can be used for various applications'

Flat knitting machines have the potential of being used for a number...

Bangladesh imported 46% of cotton requirement from India

Textiles | On 21st Aug 2018

Bangladesh imported 46% of cotton requirement from India

Bangladesh imported 46 per cent of its requirement of cotton from...

Indian team finds way to cut water use in textile industry

Textiles | On 21st Aug 2018

Indian team finds way to cut water use in textile industry

Researchers at the department of chemistry in Calicut University in...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Shiladitya K Joshi
Truetzschler India Private Limited

India ITME provides a platform to interact with our stakeholders

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search