Authentic Brands Acquisition Of Jones New York To Expand Brand Market

Authentic Brands Group LLC, the US brand management company, announced that it had acquired Jones New York, an American women's clothing retailer. Jones New York originally belonged to the US apparel group The Jones Group Inc. Jones group. In April 2014, the group was private-owned Holdings Company Sycamore Partners LP with debt of $2 billion 200 million. Buy 。 At the end of January this year, Sycamore Partners LP announced plans to end all business of Jones New York in 2015.

Authentic Brands Group LLC and Sycamore Partners LP did not disclose the transaction amount. Women over 45 years old are the main ones. Customer group Jones New York earned $643 million in fiscal year 2012, down 11.3% from fiscal 2011. The brand will have Juicy Couture, Judith Leiber and Marilyn Monroe brands. Authentic Brands Group In LLC, retail income exceeded US $4 billion 500 million.

Jamie Salter, chairman and chief executive officer of Authentic Brands Group LLC, said the group will rebuild Jones New York in twenty-first Century, a 40 year old classic brand that represents the American fashion style. When Sycamore Partners LP decided to end the Jones New York business, the brand was mainly sold in department stores such as Macy's Messi department store, Lord & Taylor, Bon-Ton Stores Bon-Ton, Jones, and so on, and there are 127 retail outlets in the United States, Canada, Europe, Middle East and Latin America.