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Non-Tech : DESIGNER HOLDINGS

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To: Michael Berkowitz who wrote (19)3/24/1997 11:55:00 AM
From: Eric Shih   of 86
 
It is actually the reverse. Donna Karan is repaying the $6 million it received from Designer Holdings. DSH payed DK to license the jeanswear and manufacture the jeans. Donna Karan has recalculated its third quarter earnings because the company had to deduct the $6 million payment it received.
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