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DK Heads Back To NY for $650 Million

 
DK Heads Back To NY for $650 Million

Calm down, no Creative Directors are leaving their Maisons this time. Instead, Donna Karan International will be moving houses back to its birthplace of New York. While previously under French luxury giant group LVMH, the Donna Karan and DKNY brands have just been sold to US clothing manufacturer G-III Apparel for US$650 million.

It’s not completely random, obviously; rather, this has been the last resort taken by LMVH when efforts towards boosting Donna Karan’s growth proved to be lacklustre.

Read more on Luxuo.