The stock of Donna Karan International rocketed 74 percent after French luxury goods group LVMH Moet Hennessy Louis Vuitton announced a two-part transaction that secures Donna Karan trademarks and sets up a takeover of DKI Inc. Donna Karan and her husband agreed to sell their studio for $450 million. LVMH reportedly insisted on obtaining DK licensing rights before even considering a takeover of the fashion house.
December 18, 2000 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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