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By Marc Malkin of E! Online

Kimora Lee Simmons is shedding her Baby Phat!

I can exclusively reveal that my Style Network reality star pal is moving on from Baby Phat and Phat Fashions, the fashion house she launched 14 years ago…

I just got word that Simmons and Baby Phat’s parent company, Kellwood Company, will go their separate ways as of Sept. 1.

“After 14 years of conceiving and nurturing Baby Phat, it’s time for me to move on and further expand my other businesses and create a new phenomenon,” Simmons says. “I adore all those who have faithfully been with me since the beginning.”

Read the rest of the story at E! Online

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