DKNY is a New York City –based fashion house for men and women, founded in 1984 by Donna Karan . The company specializes in a wide range of fashion products, including clothing, footwear, and accessories.
60-628: Karan worked for 15 years at Anne Klein , including 10 as its head designer. In 1984 Karan and her late husband Stephan Weiss were offered the opportunity to start their own business by the owner of Anne Klein, Takihyo LLC. The company became a publicly traded venture in 1996. In 2001, it was purchased by the French conglomerate corporation LVMH (Louis Vuitton Moët Hennessy) . In 2015, Donna Karan left as chief designer at Donna Karan International, to focus on her Urban Zen brand and Urban Zen Foundation philanthropy. LVMH sold Donna Karan International, with
120-564: A designer. She first began designing for Maurice Rentner at his business, Maurice Rentner, Inc., which produced ready-to-wear designs for men and women. In 1944, Anne Klein joined Bonnie Cashin and Claire McCardell to form a female design trio who laid the foundations of American sportswear . In 1948 she married clothing manufacturer Ben Klein and they launched the Junior Sophisticates label. Junior Sophisticates offered elegant styles to younger women with smaller figures. Anne Klein
180-650: A fashion industry stalwart. Over the next ten years, the business expanded to having 750 department stores and boutiques in America selling her designs. In 1969, she was awarded the Neiman-Marcus Fashion Award; she was, later, the first designer to win the award for a second time. In 1970, Klein opened the first designer shop-in-shop boutique, "Anne Klein Corner" in Saks Fifth Avenue, New York. That year, she
240-516: A freelance designer, reinvigorating well-known but faltering lines such as Pierre Cardin coats and Evan-Picone. This freelance work helped to fund her 1963 opening of Anne Klein Studio on 57th Street. Also in 1963 she married a second time to Matthew "Chip" Rubenstein. Matthew Rubenstein was in the paper bag business when he met Klein. In 1965, she, her husband, and three designers named Don Simonelli, Gerald Feder, and Hazel Haire came together to make
300-532: A handful of interchangeable items work together to create an entire wardrobe that goes from day to evening, week day to weekend, season to season". In July 1991, she launched her first menswear collection. The "New York" part on the label is there to set "the pace, the attitude" of the fashion house's offering. Inspired by her daughter Gaby, Donna Karan founded DKNY in 1989 as a younger, more affordable diffusion line to run alongside her existing Donna Karan New York label. Many labels and brands have branched off of
360-475: A partner of her company, giving him a 25% percent share of it. Unfortunately, she passed only a year after making this deal with Taki. Anne Klein was diagnosed with terminal breast cancer in the late 1960’s. On March 19, 1974, Anne Klein died at the age of 50 of breast cancer at Mount Sinai Hospital, New York, NY . She was survived by her husband Matthew “Chip” Rubenstein, as well as her two sisters, Mae Waldman and Rita Kiniat. After Anne Klein died in 1974,
420-410: A preview to what the designs in her future company, Anne Klein and Company, would closely resemble. Part of the inspiration behind Anne Klein’s brand was putting a feminine twist on menswear, like jackets and suits. Coco Chanel was the first company to do this, with Anne Klein then being the second. About this time she began winning awards in the fashion industry including: 1954 she was awarded
480-553: A revenue of $ 21.7 billion, LVMH was ranked first luxury goods company in Deloitte 's "Global Powers of Luxury Goods" report. By 29 February 2016, the company had a share value of 78,126 million euros, distributed in 506,980,299 shares. As of 2009, LVMH held 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo . As of 2013, Christian Dior SE was the leading holding company of LVMH, owning 40.9% of its shares and 59.01% of its voting rights. Bernard Arnault
540-587: A scholarship to attend the Traphagen School of Fashion which led to her first job as a sketcher for dress firms on 7th Avenue. She started her fashion career while at the Traphagen School of Fashion in New York City, studying between 1937 and 1938. Anne Klein’s schooling and efforts during her teenage years set her up on a promising path career-wise. In 1940, Anne Klein began making a name for herself as
600-473: A way for LVMH's luxury brands to expand their presence online and capture younger shoppers. LVMH contributed to Lyst's $ 60 million funding round, which also included access to LVMH's international expertise, designed to drive Lyst's global expansion. On 22 May 2024, LVMH announced that it would expand its partnership with Alibaba to increase its presence in China. LVMH made 27% of its 2022 revenue from sales in
660-534: Is Chairman and CEO of LVMH and Chairman of Christian Dior SE. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $ 13.1 billion buyout. At the end of 2017, the only declared major shareholder in LVMH was the Arnault Family Group, the holding company of Bernard Arnault. The group's control amounted to 46.84% of LVMH's stock and 63.13% of its voting rights. This significant share held by
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#1733093313761720-410: Is also present in business services represented by its subsidiaries, such as Netexplo, Les Echos Etudes, and Les Echos Publishing, as well as communication services for companies such as Les Echos-Le Parisien Partenaires and Pelham Media. ChangeNow, Investir Day, and VivaTech (co-founded with Publicis ) are subsidiaries whose objective is to offer trade shows and corporate events. On August 6, 2024,
780-594: Is headquartered in the 8th arrondissement of Paris , France. The company is listed on the Euronext Paris exchange and is a constituent of the CAC 40 index. As of 2009, the group employed more than 83,000 people, 30 percent of LVMH's staff worked in France, and LVMH operated over 2,400 stores worldwide. As of 2010, the group had revenues of €20.3 billion with a net income of just over €3 billion. In 2013, with
840-523: Is often indicated, Bernard Arnault never created LVMH. Their successful integration of various famous aspirational brands into a single group inspired other luxury companies to do the same. Thus, the French conglomerate Kering and the Swiss-based Richemont have also created extended portfolios of luxury brands. LVMH is a component of the Euro Stoxx 50 stock market index . Make Up For Ever
900-553: The Eurozone with a record of 261 billion euros ($ 317.6 billion). As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $ 151.7 billion. LVMH completed the purchase of Tiffany in January 2021. In 2021, with a valuation of $ 329 billion, LVMH became the most valuable company in Europe. In January 2022, LVMH acquired a minority stake in
960-565: The G-III Apparel Group in 2016 for $ 650 million. Anne Klein (fashion designer) Anne Klein (born Hannah Golofsky ; August 3, 1923 – March 19, 1974) was an American fashion designer , businesswoman , as well as a founder and the namesake of Anne Klein & Company (owned by WHP Global as of July 2019). She co-founded Anne Klein & Company in 1968 with Gunther Oppenheim, and within ten years her designs were being sold in over 750 department stores and boutiques in
1020-732: The Lagardère Group sold the stock market information website Boursier.com to Les Echos-Le Parisien Group. In March 2018, Pierre Louette, former CEO of Agence France-Presse from 2005 to 2010, was named CEO of Les Echos-Le Parisien Group, succeeding Francis Morel, who had held this position for seven years. In 2022, Les Echos-Le Parisien Group acquired 75% of the share capital of the French polling and research institute OpinionWay, which has 140 employees. Les Echos-Le Parisien Group also acquired Radio Classique , Connaissance des Arts , and Investir and bought 50% of Medici.tv as well as Mezzo TV and EuroArts. Les Echos-Le Parisien Group
1080-571: The '80s with Karan's "Seven Easy Pieces" concept of a wardrobe made up of a handful of interchangeable items. Today, she is looking to sell off its Donna Karan business, less than a year after the fashion designer stepped down from her namesake brand. LVMH is targeting a "single, specific American buyer" for both the DKNY and Donna Karan International businesses after several "months of disappointing performance" under its new designers Dao-Yi Chow and Maxwell Osbourne. Since then, LVMH has successfully sold DKNY to
1140-488: The 'Donna Karan' and 'DKNY' brands, to the G-III Apparel Group in 2016 for $ 650 million. G-III, based in New York City , is a manufacturer and distributor of clothing and accessories under their owned brands, licensed brands, and private label brands. Donna Karan 's mainline label Donna Karan New York , also referred as Donna Karan Collection , debuted for fall 1985 with the women's collection Seven Easy Pieces , "where
1200-565: The Americas. 30% of its sales revenue came from Asia excluding Japan. LVMH is a major patron of art in France. The group supported about ten exhibitions as " Le grand monde d’Andy Warhol " and " Picasso et les maîtres " at le Grand Palais in Paris. LVMH also endorsed the patronage of " l'atelier d'Alberto Giacometti " and "Yves Klein" at Centre Georges Pompidou . Since 2005, when the LVMH flagship store opened in Paris at 3, avenue George V , 75008,
1260-667: The Anne Klein Design Studio. In 1961, she was one of a select group to win the American Creativity Award. In 1964, she was awarded the Lord & Taylor Rose Award for independent thinking, an award first given to Albert Einstein. In 1968, she established the Anne Klein & Company label as director and co-owner with her husband, on 39th Street. The label was opened in collaboration with investor Gunther Oppenheim,
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#17330933137611320-537: The Arnault Family Group not only underscores their influential role in the strategic direction of LVMH but also highlights the consolidation of control within family-held enterprises in the luxury sector. Bernard Arnault has served as LVMH's chairman and CEO since January 1989. Alain Chevalier was chairman from 1987 until Arnault took over the role. In 2024, Stéphane Bianchi is appointed LVMH Group Managing Director, responsible for strategic and operational management of
1380-520: The COVID-19 pandemic. Subsequently, Tiffany filed suit against LVMH, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to countersuit, alleging that mismanagement had invalidated the purchase agreement. In mid-September 2020, a reliable source told Forbes that the reason for Arnault's decision to cancel the Tiffany purchase was purely financial: because Tiffany
1440-680: The Chinese apparel company Xin Hee Co., Ltd. In February 2014, LVMH entered into a joint venture with the Italian fashion brand Marco De Vincenzo, taking a minority 45% stake in the firm. In 2016, L Catterton Asia and Crescent Point, two private equity firms backed by LVMH, bought a majority stake in GXG. In April 2017, LVMH announced it would gain ownership of Christian Dior haute couture, leather, men's and women's ready-to-wear, and footwear lines to integrate
1500-516: The Competition Authority grants authorization to LVMH for the acquisition of Paris Match . The group purchased the French weekly publication Paris Match in October 2024. A partial list, including some of LVMH's best-known brands and subsidiaries: On 24 May 2018, LVMH launched an e-commerce initiative by investing in online fashion search business Lyst, as
1560-787: The Group Maisons. He also oversees the Regions Presidents, and the Digital and Data Transformation of the Group. He is also the Chairman of the LVMH Executive Committee. In 2007, Arnault bought France's leading financial newspaper, Les Echos , from the British company Pearson for 240 million euros (US$ 262 million) after a negotiating period of four months. In 2015, LVMH bought
1620-635: The Mademoiselle Merit Award, Anne Klein won numerous fashion awards and gained international recognition. In 1967, she patented a girdle designed for the miniskirt . In 1973, she was the only woman invited to participate in the Battle of Versailles , a competitive fashion show consisting of five American designers against five French designers, intended to raise money for renovations at Versailles On March 19, 1974, Anne Klein died of breast cancer at Mount Sinai Hospital, New York, NY. Anne Klein
1680-504: The Mademoiselle Merit Award. 1954 she was awarded the Coty American Fashion Critics Award. 1959 she was awarded the Neiman-Marcus Fashion Award for the first time, leading to international recognition as a fashion designer. In 1960, her marriage to Ben Klein ended, as did her association with Junior Sophisticates. During the early 1960s, after her divorce from Ben Klein, she kept the name Klein and worked as
1740-554: The New York City street photographer Brandon Stanton , the creator of Humans of New York (HONY). After Stanton learned of the use of his photography, he publicly asked DKNY to donate $ 100,000 to the YMCA to help with summer programs. Amidst strong criticism on social media sites, DKNY apologized and donated $ 25,000 to the YMCA. Stanton then asked his followers on the HONY Facebook page to make up
1800-613: The New York-based label Aimé Leon Dore for an undisclosed sum. The investment was made through the conglomerate's LVMH Luxury Ventures arm. In March 2022, LVMH announced the closure of its 120+ stores in Russia, pointing to "the current circumstances in the region", subsequent to the Russian invasion of Ukraine . An LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500 employees in Russia. In November 2022, it
1860-451: The USA. Her design career began in 1937 when she was awarded a scholarship to attend the Traphagen School of Fashion , which led to her first job as a sketcher for dress firms on Seventh Avenue. In 1948 she married clothing manufacturer Ben Klein, with whom she launched the Junior Sophisticates clothing line. Junior Sophisticates offered styles to younger women with smaller figures. Anne Klein
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1920-504: The brand in July 2019. They purchased the company from Premier Brands Group. The group claimed to have sold the company to focus more on other companies they own. Some goals that WHP Global have expressed for the company included growing the company through U.S. retailers including Macy’s and expanding globally. They also wanted to focus on investing in marketing, social media, and digital commerce in hopes of gaining more brand engagement. Today
1980-479: The brand sells a full lifestyle assortment from apparel, footwear, watches, and jewelry and is sold in 60 countries worldwide. LVMH LVMH Moët Hennessy Louis Vuitton ( French: [mɔɛt‿ɛnɛsi lwi vɥitɔ̃] ), commonly known as Louis Vuitton Moët Hennessy ( LVMH ), is a European multinational holding company and conglomerate specializing in luxury goods , headquartered in Paris . The company
2040-433: The company dealt with periods of financial troubles. Donna Karan and Louis Dell’Olio took over the design direction of the company. The main consensus after these uncertain times was that the company needed to focus on going back to Anne Klein’s original values and design choices, as that is where the brand experienced the most success. Anne Klein is an American privately held company owned by WHP Global who acquired
2100-400: The company presented close collaborations with contemporary artists. Features included a light sculpture by American James Turrell , a 20-metre (65 feet) long "travelling staircase" showcasing the work of American video artist Tim White-Sobieski and an elevator linking the store to the top floor by Iceland's Olafur Eliasson . In 2006, a gallery space was inaugurated on the second floor of
2160-468: The company was ranked 47th in the Forbes Global 2000 . LVMH controls around 60 subsidiaries that manage 75 luxury brands. In addition to Louis Vuitton and Moët Hennessy, LVMH's portfolio includes Dior , Givenchy , Fendi , Celine , Kenzo , Tiffany , Bulgari , Loewe , TAG Heuer , Marc Jacobs , Stella McCartney , Sephora and Loro Piana . The subsidiaries are often managed independently, under
2220-468: The difference to reach his initial goal of $ 100,000, which was reached on March 1, 2013. In July 2016, French luxury giant LVMH , which has owned Karan's company since 2001, even though she stayed on to run the brands—shelved her flagship line Donna Karan International shortly after she left in June 2015 and said it would "substantially increase its focus" on her DKNY brand, which revolutionized women's fashion in
2280-418: The entire Dior brand within its luxury group. In January 2018, LVMH announced record sales of 42.6 billion euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. In the same year, the net profit increased by 29%. On 1 November 2018, co-founder Alain Chevalier died at age 87. On 12 May 2019, the fashion house Fenty, styled as FEИTY , created by singer Rihanna ,
2340-566: The label's web site. Products range from DKNY and DKNY Jeans womenswear, accessories , underwear, shoes, baby clothing, the PURE collection to DKNY menswear. The latter was available up until the spring 2002 season. Since then, only the DKNY Jeans label, underwear, eyewear and watches have been offered online for men. In 2013, DKNY became embroiled in controversy over street photography it admitted it used in one of its stores, without permission, from
2400-483: The newspapers Le Parisien and Aujourd’hui en France from the Amaury Group . Marie-Odile Amaury, the group's owner, initially hoped for 200 million euros ($ 218 million) which were later revised to 150 million ($ 163 million) during a previous sale attempt, but a bid of 50 million euros ($ 54.5 million) was made. The financial transaction was completed at the end of October 2015. In 2018,
2460-725: The original DKNY brand/label including DKNY Jeans, DKNY Active, DKNY Underwear, DKNY Juniors, DKNY Kids, DKNY Pure. DKNY Men, launched in 1992, consists of tailored suits, dress wear, formalwear, casual wear, sportswear, and shoes. The Donna Karan Beauty collection, which specializes in fragrances, was launched in 1992. In 2001, the Donna Karan Home collection, which includes traditional luxury bedding and accessories, and DKNY Home, which has more contemporary and fashion-forward bedding, were introduced. For its advertisement campaigns, DKNY has been working with several high-profile photographers, including Collier Schorr (2017). Cara Delevingne
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2520-419: The richest people in the world as of 2024. In 1987, Moet Hennessy and Louis Vuitton merged to create LVMH. Following different visions of the future of the Group, Alain Chevalier and Henri Racamier, respective leaders of MH and LV, started to fight. Racamier invited Bernard Arnault to invest in LVMH. Rapidly, Arnault succeeded in taking control of LVMH at the expense of the initial family owners. Contrary to what
2580-517: The same building and named " Espace Culturel ". " Icônes " was one of the first exhibitions. Shigeru Ban , Sylvie Fleury , Zaha Hadid , Bruno Peinado , Andrée Putman , Ugo Rondinone , James Turrell , Tim White-Sobieski and Robert Wilson were the nine artists invited by Louis Vuitton to participate in it. In addition, LVMH foundation created the "young creators LVMH award", an international competition opened to French and international beaux-arts students. Each year, six grants are allocated to
2640-402: The umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. LVMH owns Les Echos-Le Parisien Group, its media subsidiary. The wine estate Château d'Yquem , whose origins date back to 1593, is under LVMH ownership. Bernard Arnault is the chairman, CEO and largest shareholder of LVMH, making him one of
2700-610: The winners. In 2014, LVMH opened the Fondation Louis Vuitton pour la Creation in a new building designed by Frank Gehry in the Bois de Boulogne in Paris. The Fondation is designed as the Group's own museum to present its collections and organize major world-class art exhibitions. In November 2013, LVMH created the LVMH Young Fashion Designer Prize , which comes with a €300,000 grant with a year of mentoring; it
2760-448: Was 'burning cash and reporting losses'". In late October 2020, Tiffany and LVMH agreed to go back to the original takeover plan, though at a slightly reduced price of nearly $ 16 billion, a minor reduction of 2.6% from the aforementioned deal. The new deal reduced the amount paid per share by LVMH from the original price of $ 135 to $ 131.50. As of late 2020, LVMH has the largest market capitalization of any company in France, and also in
2820-976: Was announced LVMH had acquired the Piedmont -based jewelry maker Pedemonte Group. On 24 April 2023, LVMH became the first European company to reach a $ 500 billion valuation. In November 2023, LVMH agreed to acquire the Los Angeles-based eyewear brand Barton Perreira for $ 80 million. In June 2024, LVMH acquired Swiza, the owner of L’Epée 1839, a Swiss manufacturer known for high-end clocks and horological creations. L’Epée 1839, based in Delémont, Switzerland, has been recognized for its watchmaking expertise since 1839. This acquisition highlights LVMH's focus on integrating unique craftsmanship and design within its luxury portfolio. L’Epée 1839 produces intricate clocks, including those with perpetual calendars and tourbillons, favored by various dignitaries and royal families. LVMH
2880-520: Was awarded the Coty American Fashion Critics Award, which she would win again. A year later, in 1971, she was named to the Coty Fashion Hall of Fame. The 8th designer to be so inducted in 28 years. In 1973, she was included as one of five designers invited to show at the Battle of Versailles design competition to raise money for renovations at Versailles. Also in 1973, she asked Tomio Taki to become
2940-579: Was born August 3, 1923, in Brooklyn, New York, as Hannah Golofski. Her father, Morris Golofski, owned a fleet of taxicabs; her mother was Esther Golofski. She also had two sisters, Mae Waldman and Rita Kiniat. She was known to say that she changed her name from Hannah to Anne because it was more aesthetically pleasing. It was while studying fine arts and drawing at Girls' Commercial High School (now known as Prospect Heights High School ) that she discovered her talent for design. The start of Anne Klein’s career
3000-498: Was established in 1984, and was acquired by LVMH in 1999. On 7 March 2011, LVMH announced the acquisition of the 50.4% family-owned shares of the Italian jeweller Bulgari and the intention to make a tender offer for the rest, which was publicly owned. The transaction was about $ 5.2 billion. By 2012, LVMH established LCapitalAsia, a continuation of its private-equity arm, focused on Asia. In early 2013, LVMH announced its co-investment of its private equity arm LCapitalAsia and
3060-400: Was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established following the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). In April 2023, LVMH became the first European company to surpass a valuation of $ 500 billion. In 2023,
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#17330933137613120-512: Was launched by LVMH in Paris. It is the first new fashion house by LVMH in 32 years, and she is the first woman of colour to head a brand under LVMH. On 15 July 2019, LVMH announced a new partnership to further develop the Stella McCartney House. On 29 November 2019, LVMH announced its 55% stake in Château d'Esclans , the producer best known for the brand Whispering Angel. The acquisition
3180-483: Was part of LVMH's move to offer a beloved high-end rosé portfolio, in addition to reaching customers worldwide. In November 2019, LVMH expressed plans to acquire Tiffany & Co. for approximately US $ 16.2 billion. The deal was expected to close by June 2020. LVMH issued a statement in September 2020 indicating that the takeover would not proceed and that the deal was "invalid," citing Tiffany's mismanagement during
3240-473: Was paying millions in dividends to shareholders despite a financial loss of US$ 32 million during the pandemic. Some US$ 70 million had already been paid out by Tiffany, with an additional US$ 70 million scheduled to be paid in November 2020. LVMH filed a counterclaim against the court action commenced by Tiffany; a statement issued by LVMH blamed Tiffany's mismanagement during the pandemic and claimed that it
3300-423: Was petite herself. At this time, petite clothing lines were practically nonexistent, so smaller women often had to settle for child-like clothes. Junior sophisticates began with themes of buttons and bows, as well as frilliness to appeal to their mainly junior demographic, but then slowly transitioned into more sleek and mature designs. The more mature designs from this the Junior Sophisticates line could be considered
3360-607: Was the brainchild of Delphine Arnault . In February 2014 20 finalists for the inaugural prize were shown in London, including Simone Rocha, Thomas Tait, Meadham Kirchhoff, Marques'Almeida , J JS Lee, and others, and Thomas Tait was the winner. Marques'Almeida won the 2015 prize. In 2019, South African designer Thebe Magugu became the first African to win the prize, and was commended by the President of South Africa, Cyril Ramaphosa . LVMH underwrites other fashion competitions, including
3420-935: Was the face of DKNY for multiple seasons in the mid 2010s. Subsequent DKNY campaigns have featured Emily Ratajkowski (2017) and Kaia Gerber (2024). Stores opened in London in 1997 and New York City in 1999. The DKNY headquarters is located at 550 Seventh Avenue in Manhattan , New York. There are currently seventy Donna Karan collection and DKNY stores globally, including twenty stores in China including Hong Kong and Shanghai, two stores in Canada including Vancouver, B.C. and Montreal , four in Dubai and also two stores in Doha . The fashion house also has stores in Denmark . Since 2005, Donna Karan has offered online shopping of its DKNY and associated lines at
3480-439: Was the principal designer at Junior Sophisticates until 1960, when her marriage ended. It was during this time of ready-to-wear fashion, "modern" designs for women, and an increase in the number of women in the workplace that Klein was one of the first to introduce, and to become known for, "separates": individual pieces which work together as a whole, as opposed to dresses. The line was made for juniors and petite women, as Klein
3540-455: Was the principal designer at Junior Sophisticates until 1960, when her marriage ended. In 1963, she married her second husband, Matthew "Chip" Rubinstein, and in 1968, they founded Anne Klein & Company on 39th Street. She also opened Anne Klein Studio on 57th Street. A large aspect of her brand is being centered around understanding of the average working women’s clothing needs, as well as empowering women in general. Beginning in 1954 with
3600-409: Was when she was only 15 years old working as a freelance sketcher at a wholesale house. Within a year's time, she was employed at her first official job in the garment industry with Varden Petites. There, she worked to redesign the firm's collection and introduced a new style of ready-to-wear clothing for young, smaller figured women that would come to be known as "Junior Miss". In 1937 she was awarded
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