Dao-Yi Chow, Maxwell Osborne Exit DKNY After Less Than Two Years

Fashion designers Maxwell Osborne and Dao-Yi Chow  - H 2016
Paul Morigi/WireImage

Following the acquisition of Donna Karan International by G-III apparel, the co-creative directors as well as CEO Caroline Brown are leaving the brand.

Maxwell Osborne and Dao-Yi Chow are stepping down from their positions as co-creative directors of DKNY after less than two years at the helm, a rep for the brand confirmed to The Hollywood Reporter. DKNY CEO Caroline Brown, who assumed her role in January 2015 and oversaw the appointment of Osborne and Chow, also will exit.

The move comes on the heels of G-III Apparel's acquisition of Donna Karan International, which was finalized Thursday. The news of the sale of DKI to G-III from LVMH for $650 million was first announced in July of this year, when CEO Morris Goldfarb told investors he planned to double the size of the business and build a "dominant power lifestyle brand."

Though he did not address the co-creative directors directly in July, Goldfarb praised the work of Brown's team and said that "the product is doing well." The pair's third and most recent collection for spring 2017 was a sexy take on athleisure which saw top models Bella Hadid, Soo Joo Park and Taylor Hill on the runway and Emily Ratajkowski and Russell Westbrook front row.

In a joint statement to WWD, Osborne and Chow said, "Given the company sale and subsequent change in strategies, we have decided to step down and focus on our own business Public School. It’s been an unbelievable experience to work side by side with the wonderful people at DKNY, especially our amazing design team and atelier. We wish the company success in the future.” The duo are currently in Miami, where Public School is hosting an afterparty at Art Basel this evening.

Added Brown: “As Donna Karan International transitions to new ownership and therefore new directions, I have decided it is the right time to step down and explore new opportunities. This decision accompanies much appreciation and admiration for all of the talented teams here, our founder Donna Karan and our creative directors Dao-Yi Chow and Maxwell Osborne. I know the company rests in good hands under the new leadership of G-III for the next stage of its development.”