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Business of Fashion: Why did LVHM sell Donna Karan?
LVMH, the french luxury conglomerate, known for housing brands such as Celine, Dior, Fend, Emilio Pucci, Givenchy, and more just sold Donna Karan to manufacturing and licensing company, G-III Apparel Group. Pierre-Yves Roussel confirms the sell due to an unsolicited offer at a high price and the brand’s poor fit placing with the group’s...