DKNY to relocate back to New York after sale by LVMH

INTRO:
Fashion brand DKNY, or Donna Karan New York, is set to relocate back
to its original headquarters in the Big Apple - after its owner and
France's biggest conglomerate, LVMH, lost money on the business.

LVMH, which is based in Paris, bought the company in 2001 but it's now
been sold for 650 million dollars to manufacturing and licensing
company GIII [PRON: Jee-Three].

Our New York correspondent Laura Cantekin has more details.

IN: "G-III..."
OUT: SOC
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