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In December 2013, Sycamore Partners, which is managed by Stefan L. Kaluzny, purchased the Jones Group for about US$2.2 billion. [2] [3] Wesley Card is the CEO of The Jones Group. [3] In 2014, Sycamore split Jones into six different companies: Nine West Group, One Jeanswear Group, Jones New York, the Kasper Group, Stuart Weitzman and Kurt Geiger.
After the Second World War, the company expanded, with a warehouse in Eastbourne, the modernisation of existing stores, and the opening of new branches. The growth in Jones' retail outlets outstripped production at their factory; in 1955, the company became a member of the group Church's. A 'City Bootmaker' shop was opened in Manchester in 1994 ...
Kimmel founded Jones Apparel Group in 1970 while working at W. R. Grace and Company. Five years later, he purchased Jones Apparel Group with a partner. Notable lines produced by Kimmel include Jones New York, Evan-Picone, and 9 West; he also has licensing deals with Ralph Lauren. He stepped down as chief executive officer of Jones in 2002 and ...
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Nine West was named for its founding location in the Solow Building at 9 West 57th Street in New York City. In 1983, Nine West opened its first specialty retail store in Stamford, Connecticut. In 1986, Nine West launched its first national ad campaign. Nine West first expanded internationally with the opening of a Hong Kong location in 1994.
The firm also acquired Jones New York in 2014, for $2.2 billion, which was then sold to Authentic Brands Group in 2015. [19] Kurt Geiger [20] which was then sold to Cinven in 2015. [21] Sycamore also sold the Stuart Weitzman business to Coach, Inc. in 2015 for $574 million. [22]
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