The luxury goods company said founder Ippolita Rostagno will remain at the brand’s helm.
Israel, Palestine Demonstrations Spill Over into NYC’s Diamond District
Fireworks exploded on 47th Street, causing panic in the area and one minor injury.

A video was posted to Twitter showing what appeared to be an explosive device going off on West 47th Street between Fifth and Sixth Avenue in Midtown.
Following the explosion, one individual is seen lying on the ground.
An NYPD spokesperson confirmed two commercial fireworks were thrown from a car. One person received a minor burn.
The Arson Investigation Squad and the Midtown North Detective Squad are investigating the incident on 47th Street, which is home to many Jewish-owned businesses.
Protesters had begun to gather in Times Square Thursday evening following a ceasefire announcement by Israel and Hamas, set to go into effect today.
Demonstrators on both sides were taken into custody by New York City police.
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