LVMH sells loss-making Donna Karan to G-III in $650 million deal: Reuters

French luxury group LVMH (LVMH.PA) is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group (GIII.O) in a deal valuing the loss-making fashion brand at $650 million, Reuters News reported.

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