LVMH confirms sale of Donna Karan label
26/07/2016
"We believe the DKNY brand has a dynamic position in the market, and when G-III approached us about acquiring the brand, we concluded that the time was right and that G-III was the right steward going forward," said Toni Belloni, group managing director of LVMH.
G-III president and CEO, Morris Goldfarb, said he was excited to guide Donna Karan into its next phase of growth and that the brand’s “strong foundation” would allow it to “capitalise on a significant market opportunity”.
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