What a Jag!
Donna Karan and LMVHEdit
In 1997, Donna Karan quit as CEO of the company, but continues to act as chairwoman and designer in charge of the Donna Karan line. From 2002 on, most of the collection was designed by Peter Speliopoulos, a former Cerruti designer, with Karan contributing little subtleties or even entire new creations. The DKNY line is entirely designed by Jane Chung, who has been with Donna Karan since Karan's days with Anne Klein.
In November 2000, the LVMH (Moet Hennessy Louis Vuitton) fashion giant completed the acquisition of both Gabrielle Studio, a company that owned the Donna Karan brand and was named after Karan's daughter, and Donna Karan International Inc. for about $400 million and $240 million, respectively. LVMH subsequently re-arranged the Donna Karan portfolio: 'Donna Karan New York' for men was discontinued, as well as the 'Signature' lines for men and women.