TJX and Bluestar considering acquiring Jones New York

TJX Cos Inc., the parent company of TJ Maxx, and Bluestar Alliance, the brand management firm, are both eyeing Jones New York for an acquisition. Last month when Jones New York announced that they would be shuttering the doors on all operations both TJX and Bluestar pleaded to private equity firm Sycamore Partners to get their hands on the brand. Discussions as to what the next steps Sycamore Partners will take in the Jones New York acquisition case are only preliminary and explorative with no confirmation of what will happen next.