Private equity firm Sycamore Partners LLC is in advanced talks to acquire apparel retailer Jones Group Inc and is working toward a deal in the next few weeks, according to sources familiar with the process.
Private equity firm KKR & Co LP has withdrawn from the bidding process for Jones Group, two people familiar with the matter said, raising questions over the prospects of the auction for the fashion and footwear company.
Private-equity firms KKR & Co LP and Sycamore Partners are considering a joint bid for Jones Group, the fashion and footwear company that owns retail chains Nine West and Jones New York, the Wall Street Journal report...
Jones Group, the fashion and footwear company behind such brands as Nine West, Stuart Weitzman, and Jones New York, reported an unexpected operating profit on Wednesday, helped by a surge in sales of its jeans.
Nearly 20 North American retailers including Wal-Mart Stores Inc and Gap Inc unveiled a 5-year safety plan for Bangladesh garment factories on Wednesday that would include inspecting every factory within a year.
Jones Group, the fashion company that owns retail chains Nine West and Jones New York, has hired Citigroup to explore a potential sale of the company, according to three sources familiar with the matter.
Jones Group on Wednesday lowered its 2013 revenue forecast and reported weak first-quarter sales in Europe because of a tough economy there, and in North America because of a cold winter that prompted shoppers to dela...