BoF compiles the most important professional moves of the week.
NEW YORK, United States — Jones Group Inc., owner of the Nine West and Jones New York fashion brands, said it’s selling itself to private-equity firm Sycamore Partners LLC for $15 a share.
NEW YORK, United States — Jones Group Inc., the owner of the Jones New York, Nine West and Anne Klein fashion brands, will close 170 stores and cut 8 percent of its workforce after first- quarter profit trailed analysts’ estimates.
Prada Prods China’s Elite (WSJ) “For Prada, in particular, the Chinese market is critical. The company is expected to announce this week plans for an initial public offering on the Hong Kong Stock Exchange. Its valuation would likely be higher in Hong Kong than in other market.” Chanel swaps pearls and operatic grandeur for T-shirts and flats (Guardian) “‘This is the way young women dress nowadays,’