Jones New York Under Authentic Brands Ownership

The Jones New York brand, which does nearly $1 billion in annual retail volume worldwide, is now under the Authentic Brands Group’s umbrella. ABG on Tuesday acquired the intellectual property assets of the brand from private equity firm Sycamore Partners for an undisclosed amount. It’s a move that brings ABG’s portfolio — which includes firms such as Juicy Couture, Judith Leiber, Adrienne Vittadini, Taryn Rose, Misook, Marilyn Monroe, Hickey Freeman, Hart Schaffner Marx and Spyder — to more than $4.5 billion in retail sales. Sycamore acquired the brand when it bought Jones Apparel Group for $2.2 billion in 2014. Current operations, such as stores that were a part of the former business under Sycamore’s ownership, are now in wind-down mode. Jamie Salter, chairman and chief executive officer of ABG, said, “With a 40-year history of iconic and timeless design, Jones New York embodies American style. Our vision fuses ABG’s passion for brand-building with a 21st-century approach that will redefine this enduring classic.” Salter explained that the company’s portfolio of women’s brands already contains many “elevated prestigious brands. With regard to a comprehensive, full-scale women’s tailored, fashion brand, there was white space within our portfolio. Having Jones New York under our umbrella puts ABG in

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