Yesterday, Donna Karan announced that she will be stepping down from her role as chief designer at Donna Karan International. Karan, who founded her eponymous label in 1984 will remain a close advisor, reports WWD, but plans to spend more time working on her Urban Zen Company and Foundation.

"LVMH and I have made this decision after much soul-searching," Karan said in a statement. "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."

According to WWD, DKI will not fill the role Karan is vacating at Donna Karan and will suspend the production of brand's collections and runway shows for the time being.

From the editors of ELLE.com

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From: ELLE US