Jones Apparel Group History & Historical Profile

Historical Record

December 2013 News: The Jones Group Inc. announced yesterday that they have entered into a definitive agreement pursuant to which affiliates of Sycamore Partners will acquire The Jones Group for $15.00 per share in cash, or a total of approximately $1.2 billion. The transaction is valued at approximately $2.2 billion, including net debt. Upon completion of the transaction, The Jones Group will become a privately held company. The acquisition, which is structured as a one-step merger with The Jones Group as the surviving corporation, is subject to customary closing conditions, including receipt of shareholder and regulatory approvals. The acquisition requires the affirmative vote of a majority of the votes cast by the holders of outstanding shares of the Company's stock, which will be sought at a special meeting of shareholders. The transaction is currently expected to close in the second quarter of 2014.

October 2013 Summary: The Jones Group Inc. (Jones) is a global designer, marketer and wholesaler of over 35 brands with products in apparel, footwear, jeanswear, jewelry and handbags. The Company operates in six segments: domestic wholesale sportswear, domestic wholesale jeanswear, domestic wholesale footwear and accessories, domestic retail, international wholesale and international retail. The Company's internationally recognized brands and licensing agreements include Nine West, Jones New York, Anne Klein, Kurt Geiger, Rachel Roy , Robert Rodriguez, Robbi & Nikki, Stuart Weitzman, Brian Atwood , Boutique 9, Easy Spirit, Carvela, Gloria Vanderbilt, l.e.i., Bandolino, Enzo Angiolini, Nine & Co., GLO, Joan & David, Miss KG, Kasper, Energie, Evan-Picone, Le Suit, Mootsies Tootsies, Grane, Erika, Napier, Jessica Simpson , Givenchy , Judith Jack, Albert Nipon, Pappagallo and Rafe.

April 2006 Summary : Jones Apparel Group, Inc., a Fortune 500 company, is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. They also market directly to consumers through their chain of specialty retail and value-based stores, and operate the Barneys New York chain of luxury stores. Their nationally recognized brands include Jones New York, Evan-Picone, Norton McNaughton, Gloria Vanderbilt, Erika, l.e.i., Energie, Nine West, Easy Spirit, Enzo Angiolini, Bandolino, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Kasper, Anne Klein, Albert Nipon, Le Suit and Barneys New York. The Company also markets costume jewelry under the Givenchy brand licensed from Givenchy Corporation and footwear under the Dockers Women brand licensed from Levi Strauss & Co. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel and target consumer. They primarily contract for the manufacture of their products through a worldwide network of quality manufacturers. They have capitalized on their nationally known brand names by entering into various licenses for several of their trademarks, including Jones New York, Evan-Picone, Anne Klein New York, Nine West, Gloria Vanderbilt and l.e.i., with select manufacturers of women's and men's products which they do not manufacture. For more than 30 years, they have built a reputation for excellence in product quality and value, and in operational execution.