DKNY was founded in 1989 in New York by Donna Karan inspired by her daughter, Gabby, as a younger, cheaper version line compared to her existing Donna Karan New York label. DKNY became a publicly-traded venture 1996, and in 2001, was purchased by French corporation Louis Vuitton Moet Hennessey. Stores opened in London in 1997 and New York City in 1999. The DKNY headquarters is located at 550 Seventh Avenue in Manhattan, New York. There are currently seventy Donna Karan collection and DKNY stores globally, including twenty stores in China including Hong Kong and Shanghai, two stores in Canada including Vancouver, B.C. and Montreal, four in Dubai. DKNY has also opened some stores in Wales. Since 2005, Donna Karan has offered online shopping of its DKNY and associated lines at the label's web site. Products range from DKNY and DKNY Jeans womenswear, accessories, underwear, shoes, baby clothing, the PURE collection to DKNY menswear. The latter was available up until the spring 2007 season. Since then only the DKNY Jeans label, underwear, eyewear and watches have been offered online for men.