DKNY has just confirmed the simultaneous departure of its chief executive, Caroline Brown, and its two creative directors, Maxwell Osborne and Dao-Yi Chow. The announcement of their departure comes after the official closing of LVMH’S sale of DKNY to G-III Apparel Group, the same company that produces the clothing for brands like Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld.
In a letter addressed to DKNY employees, LVMH’s managing director, Antoni Belloni, wrote:
“As of today, Donna Karan International is under the ownership of G-III. We are sure they will be an excellent steward to capitalise on the worldwide appeal of your wonderful brand and the talents of the people in the company.”
The exits of Osborne, Chow, and Brown, mean the disintegration of the team put in place by LVMH after Donna Karan left thedeparting executives have yet to say anything about their leaving other than attributing it to a change in strategy.
Chow and Osborne, who are credited with bringing a more street-sensitive style to the brand, said in a joint statement: “Given the company sale and subsequent change in strategies, we have decided to step down and focus on our own business, Public School.” G-III has not yet announced a new designer.
The direction that Brown will take is still unknown. “As Donna Karan International transitions to new ownership and therefore new directions, I have decided it is the right time to step down and explore new possibilities,” Brown said in her only released statement. “I know the company rests in good hands under the new leadership of G-III for the next stage of its development.”