Last February, Page Six reported that Donna Karan was speculated to be stepping down from her eponymous company after 31 years, and appeared tearful at her fall 2014 fashion show in front of a star-studded front row that included Katie Holmes, Rita Ora, Bernadette Peters, Trudie Styler and Deborra-Lee Furness.
A representative told us at the time: “Donna is the chief designer of the company. Anything else should be considered a rumor.”
But on Tuesday, Karan announced she was indeed stepping down from the company, and would focus on her Urban Zen business instead.
Karan, who launched her clothing brand with husband Stephan Weiss and later a younger-skewing spinoff, DKNY, sold her successful business to LVMH in 2001.
But changes were afoot this spring, when in April, Public School designers Dao-Yi Chow and Maxwell Osborne were tapped as head designers of DKNY and, in May, Karan’s longtime spokeswoman Patti Cohen left the company after 30 years.