Kimora Lee Simmons is shedding her Baby Phat!

launched 14 years ago Kimora is moving on from Baby Phat

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.”

Baby Phat aside, Simmons’ empire includes KLS collection, Kouture by Kimora and Fabulosity, among other ventures. Her hit Style Network reality series, Kimora: Life in the Fab Lane, is currently shooting its fourth season.

“I’m forever dedicated to my family, fans and customers,” Simmons said. “My inspiration has always come from the fabulous women who have been with me through the years as we’ve grown from young party girls to power players! We’re ready for our next journey together and we’re taking a whole new generation of incredible young women with us. Girl power unite!”

Simmons has two daughters, Ming Lee and Aoki Lee, with ex-husband hip-hop impresario Russell Simmons and a son, Kenzo Lee, with her husband, actor Djimon Hounsou.