Jones Group news and archive

Jones New York to close this year

Sycamore Partners, the private equity firm that acquired the Jones Group for 2.2 billion dollars, including debt last year, has announced that it is shutting down the Jones New York brand as it pursues “strategic alternatives”. The company stated that it plans to discontinue the Jones New York brand with the closure of the line’s wholesale...

Apparel

Jones confirms Delta Galil talks

Apparel maker Jones Group Inc. confirmed that they are in discussions with Israeli vendor Delta Galil Industries Ltd., regarding the potential sale of its jeanswear division. The potential sale of Jones’ jeanswear division is estimated to be between $350 and $400 million, subject to change depending upon the level of net working capital and...

Fashion

Nine West shoelaborations

Nine West, a division of The Jones Group Inc, has announced the launch of a new platform, ‘Shoelaborations.’ The idea behind the initiative is to seek original, talented artists and allow them to collaborate on a rotating basis with Nine West and beyond that bring the visions of these chosen trendsetters to consumers worldwide. Starting this...

Apparel

Kimmel Non-Executive Chairman of the Jones Group

The Jones Group’s Founder and Chairman, Sidney Kimmel, will serve as the Company’s non-executive Chairman, effective January 1, 2011. This transition from executive Chairman will mark the end of the fortieth year since Kimmel founded the Company. On behalf of the Board of Directors, Wesley R. Card, Director and Chief Executive Officer of The...