French luxury goods group Louis Vuitton Moet Hennessy added labels by US fashion designer Donna Karan to its stable of products.
LVMH will acquire fashion design house Donna Karan International (DKI), founded in 1984, for about £133 million. In addition it will buy Gabrielle Studio, which owns the trademarks to the Donna Karan labels, for £306 million.
Ms Karan will continue to act as chief designer and will retain the creative leadership of the new company.
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