LVMH finalises Donna Karan takeover

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LVMH Group has completed the last stages of the acquisition of US fashion house Donna Karan International for $243m. LVMH said it will combine Donna Karan with Gabrielle Studio, the licensor of the Donna Karan trademarks, which LVMH acquired previously. The Donna Karan brand now becomes part of the LVMH Fashion Group.