KKR And Sycamore Compete For Nine West Parent Company

< p > private-equity fund KKR & Co. LP (NYSE:KKR) and Sycamore Partners LP's intention to jointly bid for news made Nine West parent company The The (LP) share price soared by 4% before closing in September 11th. < /p >
< p > we have reported that there are 35 "a href=" http://www.91se91.com/news/index_x.asp "footwear > /a" and "a href=" http://www.91se91.com/news/index_c.asp "> the brand name /a" The "Jones (a). In the beginning of July, we invited the company to discuss the possibility of the overall sale. < /p >
< p > KKR & Co. LP (NYSE:KKR) and Sycamore Partners LP participated in the first round of bidding as of July 19th. In addition, other private equity funds and industry buyers were interested in partially acquiring the The Jones Group Group (second) with a market value of 1 billion 150 million US dollars. The second round of bidding will be closed after two weeks, and the transaction will probably take place shortly thereafter. < /p >
< p > The Jones Group Inc. (NYSE:JNY) lost a net loss of $3 million 200 thousand in the two quarter ended July 6, 2013, or a loss of $0.05 per share, and total revenue fell 1.1% to $845 million 600 thousand over the same period. < /p >
< p > over the past few years, The Jones Group Inc. (NYSE:JNY) has been performing poorly under fierce market competition. In recent years, the group has acquired Stuart Weitzman (first earning 180 million dollars in 2010, 55% in the remaining equity trading amount), Kurt Geiger (in 2011 for 324 million dollars) and Brian Atwood and other a href= "http://www.91se91.com/news/index_x.asp" > high-end shoes "/a" brand in order to attract high-end consumers. Chief Executive officer Wesley also hopes to focus on high-end brands such as high-end brand designers, and revitalize the brand of department stores, such as the company's market share, which is squeezed out of the market share, to reverse the overall decline. < /p >
< p > Group recorded a net loss of US $56 million 100 thousand in fiscal year 2012, with a total revenue of US $3 billion 800 million. Sales of footwear and accessories business led by Nine West account for 52% of total revenue, 27% of sportswear and 20% of denim clothing. JJK Research analyst Janet Kloppenburg, a research firm, said in the WWD interview that Nine West is a promising medium shoe shoe brand, while Stuart Weitzman is the fist brand of Jones Group Inc.. < /p >
< p > at the end of April, the group issued a strategic plan aimed at improving profitability. It decided to close 170 stores in the United States before the middle of 2014 and cut down 18% of its domestic retail channels, plus 100 jobs in the wholesale and supply chain sectors, with 850 redundancies. < /p >
< p > as early as 2006, the group planned to sell Sachs Goldman Inc Group (NYSE:GS), but failed. < /p >