Jones Apparel Group Inc. - company profile on Apparel Search

April 23, 2015 Authentic Brands Group, LLC (ABG) announced the purchase of fashion brand, Jones New York.

In January 2015, Jones New York, a portfolio company of private equity firm Sycamore Partners, announced that it was pursuing strategic alternatives for the Jones New York brand and, in conjunction with this action, is closing its retail locations and certain related business operations over the course of 2015.

In 2014, Sycamore split Jones into six different companies: Nine West Group, One Jeanswear Group, Jones New York, the Kasper Group, Stuart Weitzman and Kurt Geiger. The Jones Group was renamed Nine West Holdings and became parent to Nine West Group and One Jeanswear Group. Later in 2014, Anne Klein, Easy Spirit and NW Jewelry Group were split into separate operating companies of Nine West.

The Jones Group Inc. announced December 19, 2013 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.

Below for historical reference of before Jones Apparel Group was purchased by Sycamore Partners in 2013:

Jones Apparel Group, Inc. is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. The Company also markets directly to consumers through its chain of specialty retail and value-based stores. The Company's nationally recognized brands in 2008 included Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Bandolino, Easy Spirit, Evan-Picone, l.e.i., Energie, Enzo Angiolini, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon and Le Suit. The Company also markets costume jewelry under the Givenchy brand licensed from Givenchy Corporation, footwear under the Dockers Women brand licensed from Levi Strauss & Co., and apparel under the Rachel Roy brand licensed from Rachel Roy IP Company, LLC. We suggest you check their website for the most current list of brands. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel and target consumer. The Company contracts for the manufacture of its products through a worldwide network of quality manufacturers. The Company has capitalized on its nationally known brand names by entering into various licenses for several of its 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 the Company does not manufacture. For more than 30 years, the Company has built a reputation for excellence in product quality and value, and in operational execution.

The driving force behind their success lies in the tremendous energy and dedication of their dynamic team of associates. Jones New York, the foremost brand in women's classic apparel provides the highest standards of quality in fit and design that their customers have come to appreciate and expect.

Jones New York Collection

The Jones New York collection is typically elegant but not pretentious. Polished and perfected with the embodiment of modern American style, the Jones New York Collection offers impeccably designed clothing and footwear that can define a woman's wardrobe. The JNY collection can take the wearing from the early morning business conference to the midnight hour cocktail.

Nine West

Nine West has evolved into a world-renowned fashion leader. Established in 1978, the Nine West brand took its name from its founding address at 9 West 57th Street in New York City. Today, Nine West is enjoyed by women around the world. The brand offers not just footwear. They offer handbags, sportswear, dresses, eyewear, sunglasses, leg wear, outerwear, jewelry, belts, hats, and more. Nine West offers a quick edit of the fashion runways. Pinpointing the must have looks of the season. Sold in numerous countries, Nine West has become a lifestyle brand offering runway looks interpreted into real life fashion.

Anne Klein

Anne Klein New York presents a savvy, sophisticated and confidence inspiring collection. This is American luxury fashion at its best. Anne Klein New York is a respected fashion resource for the modern woman who knows exactly what she wants. The brand provides stylish, versatile essentials to be worn round the clock in a stylish women's wardrobe. From superbly tailored suit separates and flirty, feminine dresses, to a multitude of key pieces, if you wear Anne Klein you will look utterly fabulous.

Gloria Vanderbilt

https://www.apparelsearch.com/definitions/fashion/designers/gloria_vanderbilt.htm

The Gloria Vanderbilt brand attracts and connects with women of modern sensibility. Consumers of all ages are shopping the Gloria Vanderbilt brand. Looking back to the heritage, glamour, and prestige of Gloria Vanderbilt as a fashion icon, the brand merges past and present to create a wonderful collection year after year. The brand delivers on three key elements: fit, finish and fabric. The Gloria Vanderbilt brand presents products that are versatile, trend right and timeless.

Learn more about Gloria Vanderbilt by reading the Gloria Vanderbilt definition.

February 17th, 2012, The Jones Group Inc. announced the creation of The Jones Group Fashion Office to support the growth of core and emerging brands under the direction of Chief Creative Officer Stefani Greenfield. As part of the Fashion Office, The Jones Group has appointed Wendy Hirschberg Clurman as Vice President & Fashion Director of Jones New York, Danielle de Marne as Vice President & Fashion Director of Designer & Contemporary Brands and Amanda Ross as Consulting Fashion Director of Anne Klein.

"The addition of industry experts from world renowned fashion brands such as Vogue, Harper's Bazaar and Scoop NYC reinforces our intent to transform The Jones Group into the leading global fashion company defined by premier brands and driven by exceptional talent," said Richard Dickson, President and Chief Executive Officer of Branded Businesses at The Jones Group. "The editorial perspective and brand building expertise that Stefani Greenfield and her team will add to Jones is invaluable in our ongoing effort to infuse a stronger design driven point of view into new collections across our growing portfolio of brands."

Wendy Hirschberg Clurman and Amanda Ross will spearhead the Company's plans to optimize the core brands of Jones New York and Anne Klein, respectively, and Danielle de Marne will oversee the fashion direction of the Company's designer and contemporary brands.

After nearly a decade at Vogue, where she rose to Fashion Market Director, Wendy Hirschberg Clurman has established herself as one of the most respected consultants in the fashion industry. She has recently worked with leading designer brands including Theory and Magaschoni in the development, production, and styling of collections. Amanda Ross is an internationally renowned fashion stylist, costume designer and consultant for celebrities, films, TV series and design houses. Her celebrity clients include Mariska Hargitay and Vera Farmiga. She was previously the Market Director at Harper's Bazaar. In addition to her consulting position at Anne Klein, Ross will continue to act as an independent stylist. Danielle de Marne was most recently the Creative Director of Full Picture where she advised on the design and creative direction for the agency's clients. She was previously the Head Buyer for Designer Brands at Intermix and the Fashion Director of Scoop NYC, two of the most well known retailers for contemporary design brands.

"I am thrilled to welcome Wendy, Danielle and Amanda to The Jones Group and know that their passion, knowledge and experience in the fashion industry will be a tremendous asset to the Company and will add a re-energized creative direction to each of our brands," said Stefani Greenfield, Chief Creative Officer of The Jones Group.

Learn more at the Jones Apparel website. http://www.jny.com

ML81308