Kimora Lee Simmons Steps Down From Baby Phat!

Red carpet at the 18th Annual Elton John AIDS Foundation Academy Award Party at Pacific Design Center in West Hollywood, California on March 7, 2010. Pictured here is TV personality Kimora Lee Simmons Fame Pictures, Inc

Wow…I thought Kimora would never leave Baby Phat, I mean it makes her tons of cash, but Kimora  wants to work on some of her other projects right now! Girl…I hope they are as successful as Baby Phat was!

“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!”