Donna Karan International Inc, which announced that its fourth-quarter net income had more than doubled earlier this week, said it is still considering a $195m takeover offer by LVMH Moet-Hennessy Louis Vuitton, the French luxury-goods concern that recently bought Donna Karan's trademarks.

Meanwhile, Donna Karan said in a news release that a special committee of its directors is still studying strategic options, including the $8.50-a-share tender offer from LVMH. Last December, LVMH made the offer in tandem with its agreement to buy Donna Karan's trademarks for $450m from designer Donna Karan and her husband, Stephan Weiss, who owned them through the closely held Gabrielle Studio. LVMH completed the purchase of the trademarks January 17.

Since the LVMH offer, Donna Karan shares have traded at above $8.50. At 4 pm Tuesday in New York Stock Exchange composite trading, the shares were down two cents to $8.60.

Ms Karan, with her husband, owns 23.8 per cent of the public company.