According to international press, Donna Karan, founder of Donna Karan International, is stepping down from her position as chief designer. The designer will shift her focus to Urban Zen, a standalone project she founded in 2007 focused on apparel, accessories, jewelry, home decor, and beauty products. Karan will remain with DKI "in an advisory role."

Karan recently said she's had a hard time balancing her various projects, and could not find enough time to take care of both DKI and Urban Zen. "I have so many commitments and projects that require my full attention at Urban Zen, as well as my time-consuming philanthropic pursuits in healthcare, education, and preservation of culture,” she commented.

Karan founded her fashion label in 1984 with her late husband Stephan Weiss. The company went public in 1996, before its acquisition by French luxury conglomerate LVMH Group in 2001. In April, Karan had handed the creative reins of DKNY to Dao-Yi Chow and Maxwell Osborne, founders and creative directors of the Public School brand, pushing out the previous design director. Reportedly, for the time being DKI will not seek out a new lead designer for the Donna Karan Collection, the high-end couture label.