LVMH's Donna Karan quits as designer of own name brand

Donna Karan has resigned as chief designer of the fashion brand she founded and sold to French luxury goods owner LVMH (LVMH.PA) as the group opts to concentrate on its more accessible DKNY line. Parent company Donna Karan International (DKI) said it planned to suspend fashion shows and designer collections "for a period of time" but would continue to support its significant license business for products such as watches and eyewear. "DKI will also reorganize its teams and restructure in order to substantially increase its focus on the DKNY brand," it said in a statement on Wednesday.

LVMH's Donna Karan quits as designer of own name brand source: http://finance.yahoo.com/news/lvmhs-donna-karan-quits-designer-141315324.html