Donna Karan ceo to step down after acquisition
May 21, 2001,
NEW YORK — When luxury goods conglomerate LVMH completes its acquisition of Donna Karan International, Donna Karan ceo John Idol will step down from his post.
LVMH said last week that the post will be taken over by Giuseppe Brusone, senior vp, acquisitions and brand development for the LVMH Fashion Group. The move suggests LVMH intends to actively pursue global development of the Donna Karan brand.