DKNY (Donna Karan New York) was founded in 1989 as the youthful diffusion label of the mainline brand. Now owned by the luxury conglomerate LVMH, DKNY was originally founded as a younger and more affordable answer to the Donna Karan mother label, and was inspired by the eponymous designers daughter in this respect. The label encompasses a broad range of pieces including luxurious home wares, perfume and apparel.