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May 20, 2006
Jones Circles Toward Winning Bidder
The winning bidder for Jones Apparel Group could be announced within 5 to 6 weeks, WWD reported Friday.
The top contenders include Bain Capital, Texas Pacific Group and The Blackstone Group, WWD said, citing sources close to the deal.
Jones, which owns the Barneys department stores and brands such as Nine West and Anne Klein, put itself up on the block in March. The group decided to sell itself as a whole, to the surprise of many.
Posted by Blacks on May 20, 2006 01:30 PM
