LVMH sells off DKNY in a $650 million deal


LVMH sells off DKNY in a $650 million deal

French luxury giant Moët Hennessy Louis Vuitton (LVMH) is selling the Donna Karan clothing brand to US group G-III Apparel in a $650 million (£496 million) deal.


The DKNY Fashion was bought by LVMH in 2001, owner of Christian Dior, Kenzo and Sephora, and struggled to turn the loss-making fashion brand around.


The design and licensing specialist G-III Apparel will acquire Donna Karan International in late 2016 or early 2017. The New York based apparel group, already owning brands such as Vilebrequin and Andrew Marc, makes clothing for Calvin Klein, Tommy Hilfiger and Karl Lagerfeld.


Founded in 1984 by Donna Karan, the brand was known for transforming the wardrobes of businesswomen in the Eighties and Nineties with sleek and sophisticated mix-and-match pieces.


The designer expanded the Donna Karan New York brand by creating a less expensive clothing line for younger women called DKNY.

Co-founder Donna Karan later stepped down as design chief in 2015.






The US design house counts Hillary Clinton and Michelle Obama as fans.





News


Vogue Magazine
"This is no sad bottle job. This is red hair with purpose, the kind I’ve been searching for," writes @LenaDunham .
Marc Jacobs
💎 @MannyMua733 wearing our Summer '17 Embellished Denim Jacket and Felipe Merida Tee on @LiveKellyRyan #MJSummer17
Vogue Magazine
In @loganluckymovie , @RileyKeough is hitting her stride.
Vogue Magazine
Steve Bannon, Donald Trump's chief strategist and once one of his most trusted advisers, has been fired.
OOTD Magazine
OOTD is @kirstengorter
Vogue Magazine
How an exhibit in Pittsburgh is tackling something nearly impossible: presenting the idea of America, through art.
OOTD Magazine
Loving this @fashionnova glamorous look ✨
Vogue Magazine
Cressida Bonas, who dated Prince Harry from 2012 to 2014, discussed the dark side of dating a prince.
Vogue Magazine
5 heartbreaking facts we learned about Princess Diana from The Story of Diana.
Vogue Magazine
Lily Rose-Depp has the perfect shoe to upgrade all those fraying blue Daisy Dukes.
Karl
From America or visiting?Discover our new #KARLLAGERFELDPARIS collection now! 👉🏻karllagerfeldparis.com
Vogue Magazine
Why Los Angeles’s Culver City—which celebrates its centennial this year—is a must-visit.
Vogue Magazine
Sienna Miller made a statement in @Everlane 's 100% Human T-shirt.
OOTD Magazine
This beautiful 100% silk bow blouse with golden mini Eiffel towers is on sale right now -40%www.silkbynancy.com". girl on photo is @rougeuse
Christian Loubo
Two to tango! Hubertus Donna (for her) and Egon (for him) cut loose for fall.
Valentino
Prints, patterns and solid colors characterized flowy chemisiers dresses and pajamas: #PreFall17 Collection
Versace
Pride in Identity. The #VersaceFW17 collection portrays powerful statements. Discover more:
Roberto Cavalli
Add a splash of colour with rose prints & florals from the #RobertoCavalli Junior collection
Marc Jacobs
Happy birthday to our friend and muse, the star of our Marc Jacobs Spring '17 ad campaign, Frances Bean Cobain 🖤
Vogue Magazine
When in Rome one must head to the back-door, under-the-radar, and closed-to-the-public hidden gems around the city.
Vogue Magazine
Riley Keogh's wanderlust proves that landing the gig is much more than knowing a few people in New York and L.A.
Vogue Magazine
Is a generational shift coming, at long last, to men’s tennis?
OOTD Magazine
OOTD is @stylesforthought
Vogue Magazine
.@GalGadot stepped out in a fresh take on the classic LBD.
Carolina Herrer
Born to be a star. #GoodGirlCHNY #InStore
Dior
Choose your favorite Diorskin Forever foundations: Forever Fluid, Forever Compact and Forever Undercover Concealer. https://pbs.twimg.com/media/DHhOdyhXYAMf-7x.jpg">https://pbs.twimg.com/media/DHhOc5oXkAAg1db.jpg">https://pbs.twimg.com/media/DHhOb3yW0AA4_6X.jpg">https://p
Dior
Choose your favorite Diorskin Forever foundations: Forever Fluid, Forever Compact and Forever Undercover Concealer. https://pbs.twimg.com/media/DHhOdyhXYAMf-7x.jpg">https://pbs.twimg.com/media/DHhOc5oXkAAg1db.jpg">https://pbs.twimg.com/media/DHhOb3yW0AA4_6X.jpg">https://p
Dior
Choose your favorite Diorskin Forever foundations: Forever Fluid, Forever Compact and Forever Undercover Concealer. https://pbs.twimg.com/media/DHhOdyhXYAMf-7x.jpg">https://pbs.twimg.com/media/DHhOc5oXkAAg1db.jpg">https://pbs.twimg.com/media/DHhOb3yW0AA4_6X.jpg">https://p
Dior
Choose your favorite Diorskin Forever foundations: Forever Fluid, Forever Compact and Forever Undercover Concealer. https://pbs.twimg.com/media/DHhOdyhXYAMf-7x.jpg">https://pbs.twimg.com/media/DHhOc5oXkAAg1db.jpg">https://pbs.twimg.com/media/DHhOb3yW0AA4_6X.jpg">https://p
TOM FORD
Discover Noir Anthracite.#TOMFORD #TFNOIRANTHRACITE
TOM FORD
Discover Noir Anthracite.#TOMFORD #TFNOIRANTHRACITE
Vogue Magazine
Meet the Korean cult natural skin care and makeup brand coming to New York this fall.
Dior
Choose your favorite Diorskin Forever foundations: Forever Fluid, Forever Compact, and Forever Undercover Concealer.
Vogue Magazine
If you are “set-jetting” to Croatia, skip the crowded tours and follow our King’s Landing guide instead.