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Donna Karan Steps Down From Her Company To Pursue This Instead

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Donna Karan is switching gears.

On Tuesday, it was announced the iconic fashion designer would step down from her company, Donna Karan International, to focus philanthropic endeavors. Karan is currently committed to Urban Zen, an organization that aims to "raise awareness and inspire change in the areas of preservation of cultures, well-being and education."

[ Related: Kendall Jenner Flaunts Her New York Fashion Week Reign With Two More Shows! ]

Hmm, considering that the designer is 66-years-old, it makes sense that she'd want to slow things down a bit!

DK released the following statement regarding her retirement:

"I have arrived at a point in my life where I need to spend more time to pursue my Urban Zen commitment to its fullest potential and follow my vision of philanthropy and commerce with a focus on health care, education and preservation of cultures. After considering the right time to take this step for several years, I feel confident that DKI has a bright future and a strong team in place."

While the fashionista will still act as an adviser to the company which doesn't plan to seek a replacement, the label will suspend the Donna Karan collection indefinitely and instead will "reorganize its teams and structure" to "substantially increase its focus on the DKNY brand".

Interesting! We wonder how the label will change post Karan's departure!

So, what do YOU think of this news?

[Image via WENN.]

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Two New Pics Revealed From Caitlyn Jenner's Vanity Fair Spread! See Them HERE!

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We are still freaking out over this!

Caitlyn Jenner's cover for Vanity Fair was EVERYTHING, but there's even more!

[ Related: Get Details On Caitlyn's Face Surgeries HERE ]

The entire spread features at least half a dozen more photos of Caitlyn — but in the two pics just released, the 65-year-old rocks a black bandage dress and a long-sleeved red knee-length Donna Karan number while posing in a sports car.

Check out both shots in the gallery (above)!

[Image via Annie Leibovitz/Vanity Fair.]

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Lizzy Caplan Slinks Down The Met Gala Red Carpet In A Sexy Draped Gown!

Met Gala 2015: Lizzy Caplan walks the red carpet.

Wow! Lizzy Caplan is pulling out all the stops!

The actress arrived on the Met Gala's red carpet in NYC today wearing a beautiful statuesque gown!

She rocked a dusty rose number by Donna Karan Atelier, complete with draped beading, a feathered shoulder, and a gold embroidered print.

What a standout!

Lizzy even accented the floor-length dress with a matching clutch, statement earrings, and a sleek 'do.

Love, love love!

[Image via Getty Images.]

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Vanity Fair's 2015 Oscars Party: All The Red Carpet Fashion!

Check out all the hottest red carpet fashions from the 2015 Vanity Fair Oscars Party!

Vanity Fair's Oscars party was quite the star-studded affair!!

And did they bring the va-va-voom or what??

Beyoncé made a surprise appearance on the red carpet in a slinky white Stella McCartney dress with sparkling gold Giuseppe Zanotti heels!

Though Rita Ora's booty barin' Donna Karan Atelier gown truly stole the show! The eye-popping sheer panels were enough to steal the spotlight, but the figure-hugging fit and bright red lipstick really guaranteed it.

Meanwhile, Jennifer Lopez was making her way down the red carpet in her own sheer ensemble, consisting of a bangin' beaded Zuhair Murad frock with Jimmy Choo pumps!

Still can't get enough? Luckily there was a lot more where they came from! Ch-ch-check out all the sexy starlets…

CLICK HERE to view the gallery, "Vanity Fair's 2015 Oscars Party: All The Red Carpet Fashion!"

CLICK HERE to view the gallery, "Vanity Fair's 2015 Oscars Party: All The Red Carpet Fashion!"

CLICK HERE to view the gallery, "Vanity Fair's 2015 Oscars Party: All The Red Carpet Fashion!"

CLICK HERE to view the gallery, "Vanity Fair's 2015 Oscars Party: All The Red Carpet Fashion!"

CLICK HERE to view the gallery, "Vanity Fair's 2015 Oscars Party: All The Red Carpet Fashion!"

[Images via WENN.]

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ICYMI: All Of Kendall Jenner's Looks From New York Fashion Week!

Kendall Jenner dominated New York Fashion Week! See all her runway looks HERE!

New York Fashion Week has come and gone, but we have a feeling it's one Kendall Jenner will never forget!

Despite the fact that her career has only basically just begun, the 19-year-old supermodel walked in her most shows yet for one single season!

[ Photos: All Of Kendall Jenner's Runway Looks So Far! ]

From Alexander Wang to Michael Kors, she was hard to miss — though this Jenner wasn't easy to keep up with!

But don't worry, we compiled all her week's looks for you to peep!

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Kendall Jenner's Fellow Models Fess Up To Mean Girl Behavior — See Their Nasty Comments!

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Just because models are pretty doesn't mean they can't act ugly! Especially when they're caught being nasty on social media for the world to see!

Vogue Germany posted the above photo of Kendall Jenner getting her makeup done at New York Fashion Week on Instagram.

[ Related: Kendall Kills It In Fur On The Runway ]

While most of the comments were positive, two stood out.

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Emmy Rossum, Mindy Kaling, And January Jones Take Three Different Yet Gorgeous Approaches To Red Carpet Dressing!

Emmy Rossum, Mindy Kaling and January Jones at the Costume Designers Awards.

Dazzling!

We can't stop staring at the beauty of Emmy Rossum, Mindy Kaling, and January Jones!

The three actresses took the red carpet of the 17th annual Costume Designers Guild Awards very seriously on Tuesday night in Los Angeles, showing up in bright and sexy outfits!

[ Related: Sarah Hyland, Victoria Justice, and Shay Mitchell Bring Their Youthful Glow To The Young Hollywood Awards ]

With January in a red Roland Mouret jumpsuit, Mindy in an embellished emerald dress, and Emmy in very pale gray Donna Karan Atelier gown, they couldn't have been more different, and yet each of them looked absolutely resplendent!

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