Jones Group Shareholders Approve Merger with Sycamore

jonesgroupNew York—Jones Group Inc. reported Monday that its shareholders have approved a $2.2 billion merger with affiliates of Sycamore Partners, a private equity firm.

Therefore, Jones Group and Sycamore Partners have cleared all hurdles and received all required approvals to complete the deal. The companies expect to close the transaction promptly.

Last December, Jones Group agreed to be taken private by affiliates of Sycamore Partners for about $1.2 billion or $15.00 a share in cash. Assuming net debt, the transaction is valued at about $2.2 billion.

“We are pleased to have received such positive shareholder support for the merger with Sycamore Partners. We believe this transaction represents the best outcome for The Jones Group, our shareholders and the loyal customers of our brands, and we expect a seamless transition following the transaction close,” said Jones CEO Wesley Card.

Jones Group consists of recognized brands and licensing agreements include: Nine West, Jones New York, Anne Klein, Kurt Geiger, Rachel Roy, Robert Rodriguez, Robbi & Nikki, Stuart Weitzman, Easy Spirit, Carvela, Gloria Vanderbilt, l.e.i., Bandolino, Enzo Angiolini, Nine & Co., Joan & David, Miss KG, Kasper, Energie, Evan-Picone, Le Suit, Mootsies Tootsies, Erika, Napier, Jessica Simpson, Givenchy, Judith Jack, Albert Nipon, Pappagallo and Rafe. www.jonesgroupinc.com

 

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