Today it was announced that DKNY co-creative directors Maxwell Osborne and Dao-Yi Chow will leave the US label at the end of the year and focusing on their own label, Public School.

Having been appointed in April 2015, the duo showed their first collection for the brand during the SS16 season, receiving praise for realigning the house’s aesthetic whilst applying their own relaxed and contemporary nuances.

Today’s announcement comes shortly after the sale of DKNY and its parent company Donna Karan International from Kering to G-III Apparel Group for $650 million.

“Given the company sale and subsequent change in strategies, we have decided to step down and focus on our own business Public School,” Osbourne and Chow said in a joint statement to WWD. “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.”

Caroline Brown, the chief executive officer of Donna Karan International, is also leaving the company.