DKNY have announced design duo Public School as their new creative directors.

DKNY Show at New York Fashion Week S/S 15

DKNY Show at New York Fashion Week S/S 15

The New York-based label has welcomed Dao-Yi Chow and Maxwell Osborne into its team to oversee all the brand's collections.

The pair will split their time between their own Public School label and DKNY, and have said they are "extremely proud" to be joining the company, which was founded by Donna Karan in 1988, reports Vogue.com.

Chow and Osborne - who will report to the label's CEO Caroline Brown - said in a statement: "We both grew up in New York and DKNY has always been part of the landscape of this city in our formative years as designers and New Yorkers. It is one of the brands that helped change the game for us and for American fashion.

"We are extremely proud and excited to be joining the company and to contribute to the next chapter of DKNY, one of the most iconic brands created by Donna Karan, a true inspiration."

Donna, 66, left her position as CEO of the label in 1997 before it was bought by LVMH in 2001, although she continued to oversee the production of all the collections after stepping down.

She said of the new appointment: "I started DKNY with the goal of creating a brand that captured the best of New York and could bring that great energy to the world. It's been an incredible journey... Now is the right moment for its evolution and I'm so excited for the new chapter of this company working together with this new creative team."

The pair will show their first line for the brand at New York Fashion Week this September.