Famed fashion designer Donna Karan is calling it quits. The 66 year old, born Donna Ivy Faskeold to a Jewish family in Queens, is stepping down as the head of her namesake company Donna Karan International, but will remain in an advisory role. No replacement has been named.
Ms. Karan said that she is stepping down to devote more time to her foundation. But it must be noted that the company has been having troubles recently and closed stores. It has been moving away from high fashion in favor of its popular DKNY brand name.
“Donna Karan New York is a part of me, past, present and future, ” she said in the statement. “It has been an honor to speak woman to woman about seven easy pieces that forever changed the way women dress.”
The company released a statement calling this the end of an era saying, “Over the past three decades, Donna Karan has inspired women around the world to embrace their power and sensuality. When she started her collection in 1985 she set out to simply make clothes for her and her friends. A little collection of simple black pieces that was all about need and desire. She quickly found out that she wasn’t alone – she had a lot of friends out there. Her philosophy of a sophisticated system of dressing, her ‘seven easy pieces’ revolutionized the working woman’s wardrobe.”