The owner of brands including Donna Karan announced on Tuesday that its chief operating officer, Wayne Miller, will be stepping down from his current role to become a senior strategic advisor at the company.
The owner of the Donna Karan brand reported a 28.3% rise in first-quarter net sales on Monday and provided a hopeful financial outlook for the full fiscal year, reflecting improving trends for lifestyle apparel.
British designer Paul Andrew, head of all collections at Florentine luxury brand Salvatore Ferragamo since 2019, will leave his role at the business in May. The brand’s in-house team will take over his responsibilities.
The NYC-based owner of brands including DKNY and Donna Karan reported net sales of $2.06 billion for the fiscal year ended January 31, 2021, on Thursday, a decrease of 35.0% from $3.16 billion in the previous year.