The Jones Group

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The Jones Group
Type Private
Industry Fashion
Founders Sidney Kimmel
Headquarters New York City, USA
Key people Wesley Card (CEO)
Owners Sycamore Partners
Employees 6,000

The Jones Group, Inc. (formerly Jones Apparel Group), a company with over 6,000 employees, is an American designer, marketer and wholesaler of branded clothing, shoes and accessories.

Operations[edit]

The Jones Group headquarters are in New York City.[1] The company also markets directly to consumers through their chain of specialty retail and value-based stores. In addition, it markets costume jewelry under the Givenchy brand licensed from Givenchy Corporation and footwear under the Dockers Women brand licensed from Levi Strauss & Co.

History[edit]

In 1970, Sidney Kimmel founded and became President of the Jones Apparel Division of W.R. Grace & Co. Together with Grace accountant Gerard Rubin, Kimmel bought Grace's fashion division in 1975, incorporating it as Jones Apparel Group. Jones expanded quickly by bringing out new labels and licensing others, such as Christian Dior.

In the early 1980s, Jones Apparel offered the sweatsuit fashions of Norma Kamali, and in 1984 they acquired the license for the Gloria Vanderbilt line from Murjani.

In the early 1990s, Jones again took off.[citation needed] The company expanded with new lines, such as Rena Rowan and Jones & Co.

In 2004, the company purchased luxury department store chain Barneys New York for $400 million, and sold it, in September 2007, to Dubai-based investment firm Istithmar for $942.3 million.

In December 2013, Sycamore Partners, which is managed by Stefan L. Kaluzny, purchased the Jones Group for about USD $2.2 billion.[2][3] Wesley Card is the CEO of The Jones Group.[3]

Brands[edit]

The Jones Group’s brands include:

References[edit]

  1. ^ Jones locations
  2. ^ Clark, Evan (19 December 2013). "Sycamore to Buy The Jones Group in $2.2B Deal". WWD. Retrieved 20 December 2013. 
  3. ^ a b "Sycamore Completes Acquisition of The Jones Group". WWD. 9 April 2014. Retrieved 9 April 2014. 

External links[edit]