Donna Karan sold to US firm

French luxury giant LVMH Moet Hennessy Louis Vuitton is selling the struggling Donna Karanclothingbrandto New York-based group G-III Apparel in a $650 million (£496m) deal. LVMH, owner of Christian Dior, Kenzo and Sephora, had attempted to turn around the loss-making global fashion brand, which G-III is to acquire late this year or early 2017.