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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.
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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historical reference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
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.
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