American designer Donna Karan has announced that she will step down as chief designer at her eponymous label, Donna Karan International, after months of speculation within the industry.

"LVMH and I have made this decision after much soul-searching... I have arrived at a point in my life where I need to spend more time to pursue my Urban Zen commitment to its fullest potential and follow my vision of philanthropy and commerce with a focus on health care, education and preservation of cultures."

"After considering the right time to take this step for several years, I feel confident that DKI has a bright future and a strong team in place."