WWD reports that designed Donna Karan is retiring from her eponymous company. Donna Karan International was acquired by LVMH in 2001. Karan released the following statement to WWD:
"LVMH and I have made the decision after much soul-searching. I have arrived at a point in my life where I need to spend more time to pursue my urban Zen commitment to its fullest potential and follow my vision of philanthropy and commerce with a focus on health care, education, and preservation of cultures. After considering the right time to take this step for several years, I feel confident that DKI has a bright future and a strong team in place."
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