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March 23, 2006
Report: Two Equity Firms Vying For Jones Apparel
Two private equity firms are vying for Jones Apparel Group, according to reports out Thursday.
Both Texas Pacific Group and Cerberus Capital Management are reportedly in discussions to takeover Jones, which owns a number of high-profile properties, including Barneys department stores and the Nine West and Anne Klein brands.
“I’m not surprised that Texas Pacific is making a bid,” said Blacks Senior Consultant Steve Pruitt. “Texas already owns Neiman Marcus and Bergdorf Goodman so they want to put Barneys in their stable.”
Posted by Blacks on March 23, 2006 09:49 AM
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