DKNY: LVMH throws in towel, G-III picks it up
So LVMH is selling DKNY to G-III Apparel with G-III’s CEO calling DKNY “iconic” and LVMH’s MD saying the “time was right”. Apart from that opening sentence probably containing more initial letters than any I’ve written in my entire life, there’s no actual surprise there. The fact is that the US-based Donna Karan business never…