Burkle Buys Barneys New York Debt: Report Nov 20, 2009
Istithmar, a unit of Dubai World , bought Barneys for $942 million from Jones Apparel Group in 2007. It provided some additional funding to the chain in April, allowing it to pay for its shipments for the rest of the year. (ABC News -- Business)
Flowserve posts flat 3Q profit, narrows guidance Oct 29, 2009
Jones Apparel Group Inc. on Wednesday posted a sharply higher-than-expected profit in its third quarter, despite a drop in sales as the retailer cut costs and tightened inventories. The company, whose brands include Jones New York, Nine West and Anne Klein, said for the period ended Oct. 3 earnings rose to $29. (Fresno Bee -- Business)
Getting more for less Oct 28, 2009
Designer Rachel Roy Fashions LLC, a division of Jones Apparel Group Inc., opened a New York temporary store to showcase new lines. Best Buy Company Inc. and Wal-Mart Stores Inc. have talked about pop-ups in malls and elsewhere, but neither has immediate plans, Peterson said. (Columbus Business First, OH)
Barneys to prod high-end market Oct 11, 2009
It bought Barneys from Jones Apparel Group Inc. in 2007. Finances: The company is said to be looking at ways to restructure its debt. (AZCentral -- Business)
Lead, arsenic found in products from handbags to car seats Sep 17, 2009
In a company statement, the Jones Apparel Group, which includes Nine West, says its products meet all federal standards: "Nine West's business is premised upon providing customers with quality products that are both safe and fashionable.. .. We have never known our products to be harmful to consumers' health.". Children's advocates say that parents should be aware of these results, but not overly concerned. (USA Today)
Weston's Holt Renfrew May Make Joint Bid for Barney's New York, People Say Sep 2, 2009
Jones Apparel Group Inc. bought Barneys for $294. 3 million in 2004 and sold it to Istithmar in September 2007. (Bloomberg -- Canada)
BUSINESS BRIEFS Jul 30, 2009
Jones Apparel Group, maker of Nine West shoes, reported second- quarter profit increased 20 percent to 12. 6 mil lion, or 15 cents a share, from 10. (New York Post -- Business)
Fast Retail Raises Full-Year Forecast on Bra Top, T-Shirt Sales at Uniqlo Jul 9, 2009
In 2007, it was outbid by Dubai investment firm Istithmar PJSC for Jones Apparel Group Inc.s Barneys New York chain. The company, which opened its first overseas store in London in 2001, has shops in countries including the U.S., China and France. (Bloomberg -- Japan)
TGen scientist lands $18M to fight cancer May 28, 2009
The group also has received major donations from Major League Baseball, Jones Apparel Group founder and cancer-research philanthropist Sidney Kimmel, several corporations and AARP.. Phoenix-area bioscience interests said the grant shows the momentum of the area's biotech initiative, which emphasizes the translational approach favored by the charity. (AZCentral -- Business)
BUSINESS0000300F BRIEFS Apr 30, 2009
Jones Apparel Group said it will shutter about 225 locations in 2009 and 2010, repre senting a fifth of its own stores, and cut as many as 1,000 jobs. Madoff. (New York Post -- Business)
Barneys remains on track for fall debut Apr 30, 2009
Istithmar bought Barneys for $942 million from Jones Apparel Group Inc. in 2007, when business was booming for luxury retailers. That swiftly changed with the recession, which has significantly crimped demand for luxury goods and produced huge sales declines at high-end retailers, prompting speculation Istithmar may try to sell Barneys. (AZCentral -- Business)
Jones Apparel to close 225 stores Apr 30, 2009
Jones Apparel Group operates several Nashville-area stores, including the Easy Sprit Store in Cool Springs Galleria and the Nine West stores in Opry Mills and the Mall at Green Hills. The company also operates distribution facilities in Middle Tennessee including in Wilson County and Lawrence County and supplies a number of area department stores, including Dillard s, Hiecht s and Belks. (Nashville Business Journal, TN)
Jones Apparel closing 225 stores, quarterly sales down 11% Apr 30, 2009
Jones Apparel Group, which is based in Bristol, Pa. sells products on a wholesale and retail basis under brand names like Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Bandolino, Easy Spirit, Evan-Picone and Albert Nipon, among others. (Philadelphia Business Journal, PA)
On Rittenhouse Square, Barneys New York opens first Phila. store Apr 17, 2009
-based Jones Apparel Group for $942 million in July 2007. Earlier this week, the private equity firm reportedly provided $10 million to Barneys to free up cash and improve its position with major vendors. (Philadelphia Business Journal, PA)
Jones Apparel Group Chief Executive Gets $5.4M Apr 11, 2009
Jones Apparel Group Chief Executive Gets $5 ... Jones Apparel Group Chief Executive Gets $5 ... Jones Apparel Group CEO Wesley R. Card gets $5. (ABC News -- Wire)
Earnings Freefall May Slow as Alcoa, Dow Chemical Show Signs of Recovery Apr 6, 2009
Things will remain tough for luxury-good companies such as jewelry-seller and apparel makers like and Jones Apparel Group Inc., said , an analyst at New York-based Strategic Resource Group ... Jones Apparel Group and are really having a tough time, Flickinger said. (Bloomberg)
Jones Apparel Group, Inc. Supplements Offer Materials in Connection With Previously Announced Cash Tender Offer for 4.250% Senior Notes Due 2009 Apr 4, 2009
Jones Apparel Group, Inc. Supplements Offer Materials in Connection With Previously Announced Cash Tender Offer for 4 ... Jones Apparel Group, Inc. Supplements Offer Materials in Connection With Previously Announced Cash Tender Offer for 4 ... NEW YORK, April 3 /PRNewswire-FirstCall/ -- Jones Apparel Group, Inc. ("Jones") (NYSE: ) announced today that it, Jones Apparel Group Holdings, Inc., Jones Apparel Group USA, Inc., Nine West Footwear Corporation and Jones Retail Corporation (together, the... (PR Newswire)
Jones Apparel Group, Inc. Announces Cash Tender Offer for 4.250% Senior Notes Due 2009 and Consent Solicitation for 4.250% Senior Notes Due 2009, 5.125% Senior Notes Due 2014 and 6.125% Senior Notes Due 2034 Apr 2, 2009
Jones Apparel Group, Inc. Announces Cash Tender Offer for 4 ... Jones Apparel Group, Inc. Announces Cash Tender Offer for 4 ... NEW YORK, April 1 /PRNewswire-FirstCall/ -- Jones Apparel Group, Inc. ("Jones") (NYSE: ) announced today that it, Jones Apparel Group Holdings, Inc., Jones Apparel Group USA, Inc., Nine West Footwear Corporation and Jones Retail Corporation (together, the "Issuers") have commenced a cash tender offer to purchase any and all of their outstanding 4. (PR Newswire)
Designer Hangs By A Thread Mar 26, 2009
The dire scenario is a far cry from a few years ago, when Marc Ecko had entertained potential offers from Jones Apparel Group and Tommy Hilfiger. At one time, both firms were weighing bids for Marc Ecko in the 500 million range, according to one source. (New York Post -- Business)
Time for 'reality check': Palm Beach feels the downturn after some huge sales in '08 Mar 16, 2009
5 million deal for Jones Apparel Group founder Sidney Kimmel's manse in April and $95 million for an estate owned by billionaire Donald Trump in July. However, The Post's analysis of Evans' numbers shows that during the fourth quarter, even Palm Beach wasn't immune from the global financial crisis and cratering stock market. (The Palm Beach Post)
NO SELLER'S REMORSE Mar 5, 2009
But "hindsight is always 20/20," said Peter Boneparth - who as CEO of Jones Apparel Group jumpstarted the deal to sell Barneys in August 2007 for the astronomical price tag of 942. 3 million. (New York Post -- Business)
Meltdown 101: 'Goodwill' During Bad Recession Mar 4, 2009
On that list: financial services company Marshall y Corp., restaurant chain Wendy's/Arby's Group Inc. and clothing manufacturer Jones Apparel Group Inc.. Here are some questions and answers about what goodwill is and why it is presenting a challenge in today's tough financial climate. (ABC News -- Wire)
Standard & Poor's Announces Changes to U.S. Indices Feb 25, 2009
Ventas Inc. (NYSE: ) will replace Jones Apparel Group Inc. (NYSE: ) in the S&P 500. As of today's close of trading, American Capital and Jones Apparel had market capitalizations of $306 million and $267 million respectively, ranking them 499th and 500th in the index. (PR Newswire)
Jones Apparel Group Posts Wider 4Q Loss Feb 12, 2009
Jones Apparel Group posts larger 4th-quarter loss because of charges, weak holiday ... Clothing maker Jones Apparel Group Inc. posted a wider fourth-quarter loss Wednesday because of hefty charges, higher promotions and a weak holiday season. (ABC News -- Wire)
