Donna Karan resigns
Donna Karan is stepping down as chief designer of her company.
The 66-year-old fashion icon started her eponymous label in 1984 and left her CEO position there in 1997. Since 2002 her design duties have been dwindling and now she's made a very difficult choice for herself and the brand, which is under the LVMH umbrella.
Rather than continue at the popular label, Donna plans to focus on her Urban Zen company and foundation, which aims to make changes in culture, healthcare and education.
“LVMH and I have made this decision after much soul-searching,” she said in a statement to WWD. “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. 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.”
Donna will retain some input, as she'll act as an adviser to Donna Karan International.
Pierre-Yves Roussel, chairman and chief executive officer of LVMH Fashion Group, commented it's been a "privilege" to work with the designer and that the brand will remain "true" to her vision.
A successor is not yet being sought and collections and runway shows are on hold.