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March 22, 2006
Jones Apparel Considers Sale
Jones Apparel Group, owner of Barneys department stores and a number of other high-profile brands, is considering putting itself on the block.
The Bristol, Pennsylvania group has hired Goldman, Sachs & Co. to help it in the process.
Jones has a market capitalization of around $3.5 billion. Its portfolio includes the Nine West, Jones New York and Anne Klein brands.
The group said that although it has strong brands they are getting lost in the mix and could thrive under new management.
Posted by Blacks on March 22, 2006 09:48 AM
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