PARIS: French luxury goods group LVMH said yesterday it had sold ready-to-wear group Donna Karan International to US clothing manufacturer G-III Apparel in a transaction that valued the company at US$650 million. The move would see ownership of the Donna Karan and DKNY brands return to New York where they were launched by the US designer in the 1980s. G-III also owns the Calvin Klein and Tommy Hilfiger labels. LVMH, the world’s largest luxury goods group, owns fabled brands such as Dior, Givenchy, Louis Vuitton, Moet champagne and Hennessy cognac.
Pakistan, Iran agree to keep border crossings open round the clock to boost trade
ISLAMABBAD: Pakistan and Iran on Wednesday agreed to further expand trade ties by keeping border crossings open round the clock,...
