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LVMH Buys Donna Karan International

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By: TOM BRANNA

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France’s LVMH Moet Hennessy Louis VuittonSA will buy famed U.S. fashion house Donna Karan International Inc. for $243 million, adding another household name to LVMH’s stable of luxury products. Donna Karan will remain artistic director and retain control over creative aspects of the firm, she said in an announcement Monday. She founded the firm in 1984, and it became one of the best known names in international fashion.LVMH will pay $10.75 per share to acquire Donna Karan. The price ...

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