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.
"We've developed Donna Karan New York and DKNY brands into two of the most admired brands in the world," Idol said. "I am confident that as part of LVMH the company will continue to grow and thrive."