The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Authentic Brands Adds Jones New York to Portfolio

Authentic Brands Group says it will add Jones New York to its portfolio of women's fashion brands.

Associated Press

23 April 2015

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.

In This Article

Topics

Retail

Organisations

Location

New York, United States

Brands Owed Millions After Matchesfashion Collapse

Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.

US Sues to Block $8.5 Billion Union of Coach, Michael Kors

Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.

Op-Ed | How Long Can Adidas Surf the ‘Terrace’ Trend?

As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.

How Rent the Runway Came Back From the Brink

The rental platform saw its stock soar last week after predicting it would hit a key profitability metric this year. A new marketing push and more robust inventory are the key to unlocking elusive growth, CEO Jenn Hyman tells BoF.