LVMH SELLS DONNA KARAN INTERNATIONAL FOR $650 MILLION USD

lvmh-sells-dkny

French multinational luxury goods conglomerate LVMH has sold off Donna Karan International to G-III Apparel Group for $650 million USD. The sale underscores the failure at the attempt of turning around a struggling label. According to sources, DKNY has experienced seven months of “disappointing performance” under the creative direction of Public School’s Maxwell Osborne and Dao-Yi Chow.