Renowned American designer Donna Karan has withdrawn her name as a chief executive from her company Donna Karan International (DKI).
Donna Karan New York (DKNY) owner said that after considering the right time to take this step for several years, she has finally made this decision with Louis Vuitton (LVMH), which bought DKI back in 2001.
I feel confident that DKI has a bright future and a strong team in place, she added.
The 66-year-old fashion designer further explained that she made this choice as she wished to spend more time pursuing her Urban Zen commitment, which aims to change the current healthcare paradigm and empower children.
It’s being speculated that she will still remain a close adviser to DKI.
Karan’s designs have made her a red carpet favorite over the years and winning the Coty American Fashion Critics’ Award in 1977 and 1982. She was also presented with the Lifetime Achievement Award by the CFDA in 2004.
