×
78
Fashion Jobs
CONNECTEDGROUP LTD
Senior Manager, Corporate Real Estate And fm (Apac - hk Based)
Permanent · HONG KONG
I.T.
Business Analyst - Warehouse (Sap - Wms)
Permanent · Hong Kong
PUMA
Business Analyst (Digitalization Project)
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant Finance / Accounting Manager - Apac Tax
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
E-Commerce Manager
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Head of Brand Management - Home Products
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Buyer - Luxury Home Furniture
Permanent · Hong Kong
CONNECTEDGROUP LTD
Senior Manager, Corporate Real Estate And fm (Apac - hk Based)
Permanent · HONG KONG
BESTEAM PERSONNEL CONSULTANCY LTD.
Sales Administration Coordinator
Permanent · BIRMINGHAM
CONNECTEDGROUP LTD
Senior Manager, Facilities Management / Cres (Apac - hk Based)
Permanent · HONG KONG
ESTÉE LAUDER COMPANIES
Field Visual Merchandizing Manager, tr hk/mc/tw
Permanent · HONG KONG
EASTWOOD CONSULTANTS LIMITED
Regional Digital Marketing Manager, Luxury Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Accounting Manager - Luxury Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Senior Administration Manager, Retail
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Assistant HR Manager, c&b
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant / Marketing Manager - Mnc
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Planner - Global Mnc Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant Buying Manager
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Senior Finance Manager - Global Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Marketing Manager - Base China
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Assistant Accounting Manager - Global Brand
Permanent · Hong Kong
EASTWOOD CONSULTANTS LIMITED
Regional Merchandising Manager - Luxury Menswear
Permanent · Hong Kong

Sycamore in talks to buy Jones Group for less than $16 per share

By
Reuters
Published
Nov 25, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

n">Nov 22 (Reuters) - Private equity firm Sycamore Partners LLC is in advanced talks to acquire apparel retailer Jones Group Inc and is working toward a deal in the next few weeks, according to sources familiar with the process.

Sycamore is discussing a price of less than $16 per share - or roughly $1.3 billion based on shares outstanding - and is in the process of lining up financing for the deal, two people said on Friday.

The sources asked not to be named because the matter is not public.

A final price tag as well as details of the deal structure remain in flux, however, and there is no guarantee that a deal would materialize, the sources cautioned.

The deal structure is complex as Jones owns dozens of brands - including Nine West and Stuart Weitzman - and Sycamore may want to offload some of these labels to other buyers, one of the people said.

Jones Group and Sycamore Partners declined to comment.

Sycamore, co-founded by Stefan Kaluzny who had recently acquired retailers Hot Topic and Talbots, is working with Guggenheim Partners on the deal.

Jones Group has a market value of $1.1 billion and it hired Citigroup Inc over the summer to explore a sale of the company.

The auction followed pressure from activist hedge fund manager Barington Capital Group LP, whose chief executive James Mitarotonda joined the board of Jones in May. Barington urged Jones to focus on its shoe brands and to pare down its non-core fashion brands.

Private equity firm KKR & Co LP had previously teamed up with Sycamore to bid for the whole company, but dropped out of the process in September, sources previously told Reuters.

Apparel designer and manufacturer G-III Apparel Group which was vying for Jones against Sycamore also bowed out of bidding in recent weeks, sources said.

© Thomson Reuters 2020 All rights reserved.