by Brian Lipton
Maxwell Osborne and Dao-Yi Chow

DKNY’s chief executive officer Caroline Brown and creative directors Maxwell Osborne and Dao-Yi Chow will leave the company now that Donna Karan International has been officially acquired by G-III Apparel Group, according to published reports. The company was previously owned by French luxury conglomerate LVMH.

“As Donna Karan International transitions to new ownership and therefore new directions, I have decided it is the right time to step down and explore new possibilities,” Brown reportedly said in a statement. “This decision accompanies much appreciation and admiration for all of the talented teams here, our founder Donna Karan and our creative directors Dao Yi Chow and Maxwell Osborne.”

Chow and Osborne will refocus their energies on their popular streetwear brand Public School. “It’s been an unbelievable experience to work side by side with the wonderful people at DKNY, especially our amazing design team and atelier. We wish the company success in the future,” the pair also reportedly said in a statement.

Reports do not indicate whether the company will immediately replace Brown or Osborne and Chow.

G-III manufacturers and licenses clothing for a wide variety of brands, including, Vilebrequin, Andrew Marc, Calvin Klein, Tommy Hilfiger, Karl Lagerfeld, Kenneth Cole, Cole Haan, Vince Camuto and many more.