Rumors That Sycamore Will Buy Jones Clothing Group

< p > relevant sources said the private equity fund < a href= "http://www.91se91.com/news/index_c.asp" > SycamorePartnersLP < /a > nearly completed the acquisition of apparel group TheJonesGroupInc. (NYSE:JNY). It is reported that Sycamore will acquire TheJonesGroupInc. (NYSE:JNY) at a total of $1 billion 200 million per share of $15.

News once caused TheJonesGroupInc. (NYSE:JNY) shares to rise 4.7% to 14.37 dollars on Thursday.

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BaringtonCapitalGroup, which held about 2% of TheJonesGroupInc. (NYSE:JNY) earlier this year, encouraged companies to sell. TheJonesGroupInc. (NYSE:JNY) had nearly 40 brands. In recent years, some brands performed poorly, while TheJonesGroupInc. (NYSE:JNY) shares fell from its peak of about 40 US dollars in 2001 to 10 US dollars in the US dollar range.

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< p > previously, investment company KKR&Co.LP (NYSE:KKR) and < a href= "http://www.91se91.com/news/index_c.asp" > clothing /a > agent G-IIIApparelGroupLtd. (NASDAQ:GIII) were also interested in TheJonesGroupInc. (NYSE:JNY), but because of different interests, the company subsequently withdrew, so dragged to the end of the year.

According to sources, the deal is expected to be reached next week.

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At the end of October, TheJonesGroupInc. (NYSE:JNY) released its three quarter earnings, ending 66.5% quarter to 23 million 800 thousand US dollars in the three quarter of October 3, 2013, earning 72.7% to 0.38 US dollars per share, and adjusted earnings per share of US $0.48, exceeding Wall Street analysts' expectations of US $0.42. P

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< p > three quarter, < a href= "http://www.91se91.com/news/index_c.asp" > TheJonesGroup < /a > Inc. (NYSE:JNY) sales fell 1.3% to 1 billion 11 million US dollars, compared with 1 billion 24 million 600 thousand US dollars last year, gross profit 359 million 300 thousand US dollars, down 1.5% from 364 million 600 thousand US dollars a year last year, gross profit margin was 35.2% last year, operating profit 62 million 800 thousand US dollars, basically the same as last year's 62 million 700 thousand US dollars.

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WesleyR.Card, CEO of P > TheJonesGroupInc. (NYSE:JNY), said the three quarter results were in line with expectations, especially sales of jeans products, and domestic retail business as well as international retail and wholesale business.

These are mainly from domestic retail sales of NineWestOutlet and StuartWeitzman, as well as sales growth of JonesNewYork brand Canada and Spain.

JohnT.McClain, chief financial officer, said the three quarter had $28 million in cash and $78 million in cash equivalents.

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< p > SycamorePartnersLP has invested heavily in the field of dress retailing this year, including the acquisition of HotTopicInc. (NASDAQ:HOTT) in March and the participation in the AeropostaleInc. (NYSE:ARO) of the American youth casual wear brand.

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