Donna Karan (DK) International founder and namesake, Donna Karan, is stepping down as chief designer after 30 years at one of the world's most recognizable fashion houses, the company said. Karan, 66, will turn her full attention to her Urban Zen lifestyle brand, founded in 2007, which sells home decor, jewelry and beauty products. "Our visionary founder, Donna Karan, has made a personal decision to step down from her day-to-day responsibilities as chief designer for Donna Karan International," according to a statement.

In a post on Instagram, the firm said she will remain in an "advisory" role. DK International will suspend the production of the Donna Karan collection, and will no longer show at New York Fashion Week, according to the Council of Fashion Designers of America. DK International was purchased by French conglomerate LVMH Moet Hennessy Louis Vuitton in 2001. The DKNY (Donna Karan New York) clothing line, founded in 1988, is known for its stylish, simple and clean designs geared at youthful customers. Dao-Yi Chow and Maxwell Osborne took over as creative directors of the DKNY brand in April.