The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
NEW YORK, United States — Authentic Brands Group says it will add Jones New York to its portfolio of women's fashion brands.
Jones New York has been closing stores and shrinking its business. Deal terms were not disclosed Thursday.
Authentic Brands Group LLC also says it named Mark Weber a strategic advisor who will focus initially on the Jones New York Brand. Weber previously served as CEO of Louis Vuitton parent company LVMH Inc.
Jones New Nork is owned by the private equity firm Sycamore Partners, which announced in January that it would close the brand's stores and related business operations over the course of 2015.
Authentic Brands says Jones New York brings in nearly $1 billion in retail sales across department stores, and said the combination will push its portfolio to more than $4.5 billion in sales.
The online fashion retailer plans to update China’s securities regulator on the change of the initial public offering venue and file with the London Stock Exchange as soon as this month, a person with knowledge of the matter said.
The company, under siege from Arkhouse Management Co. and Brigade Capital Management, doesn’t need the activists when it can be its own, writes Andrea Felsted.
As the German sportswear giant taps surging demand for its Samba and Gazelle sneakers, it’s also taking steps to spread its bets ahead of peak interest.
A profitable, multi-trillion dollar fashion industry populated with brands that generate minimal economic and environmental waste is within our reach, argues Lawrence Lenihan.