On Monday, the French company said that it had agreed to sell Donna Karan International to G-III Apparel Group, the American manufacturing and licensing company that owns Andrew Marc, Vilebrequin and Bass and holds the licenses for Ivanka Trump, Calvin Klein and Tommy Hilfiger, among others. It said that the transaction had an enterprise value, a figure based on its stock market valuation plus the net debt on its books, of $650 million.
The other company that will be hurt by a boycott: Macy's, which entered an exclusive contract for DKNY in 2017, making it the only department store left selling DKNY.
Why would I know all this when I don't write about fashion? Because I came across it when I was researching Ivanka Trump's licensing deals, since I bought and wore so much DKNY and Donna Karan in the 80's and 90's, I filed it away somewhere in my brain.
Karan, who is friends with Weinstein and his wife, Georgina Chapman, has responded to the outcry of criticism by saying her remarks were taken out of context. From the same Daily Mail article linked to at the beginning of this post:
In a statement sent just after midnight on Tuesday to DailyMail.com, Karan claimed that her remarks had been 'taken out of context'.
'Last night, I was honored at the Cinemoi Fashion Film Awards in Hollywood and while answering a question on the red carpet I made a statement that unfortunately is not representative of how I feel or what I believe,' she said.
'I have spent my life championing women. My life has been dedicated to dressing and addressing the needs of women, empowering them and promoting equal rights.
'My statements were taken out of context and do not represent how I feel about the current situation concerning Harvey Weinstein.
'I believe that sexual harassment is NOT acceptable and this is an issue that MUST be addressed once and for all regardless of the individual. I am truly sorry to anyone that I offended and everyone that has ever been a victim.'
From Allure, in 2016, Donna Karan's best fashion moments. For those unfamiliar with her design history:
The American designer started as a design assistant at Anne Klein in the late 1960s before working her way up to head of design. She left the company in 1984 when she founded her namesake line, which would become known for easy, wearable pieces that suited career women. In 1989, she launched her more affordable DKNY line.
...Inspired by fast fashion and youth culture, Karan launched the more affordable DKNY line in 1989. As the name implies, DKNY referenced New York City culture. The line included closet staples, such as tailored jackets and jeans. The launch of DKNY led to Karan's fashion empire. Soon after, DKNY Jeans, DKNY Active, DKNY Underwear, DKNY Jeans Juniors, and DKNY Kids launched out of the original line.
What unfortunate comments by Donna Karan. They do seem out of character for her, but I'm not seeing how they were taken out of context. Will anyone give her the benefit of the doubt?