Jones Group considering sale of denim division
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New York City -- Apparel manufacturer and retailer The Jones Group confirmed Tuesday that it is in discussions to divest its jeanswear division for between $350 million to $400 million. The potential buyer is Israeli clothing maker Delta Galil Industries. Jones Group, whose brands include Anne Klein and Nine West, said talks should conclude within a month, but cautioned that no deal has been reached. If the two were to reach a deal, Jones said it would use net proceeds for share repurchases.
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- People:
- Anne Klein
- Jones
- Places:
- New York City
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