Report: Jones Group sets Dec. 1 buyout deadline

New York – The Jones Group has reportedly set Dec. 1 as a final deadline for a buyout bid from Sycamore Partners. According to Women’s Wear Daily, with the assistance of Citi Jones Group has gone through an extensive auction process which at times included KKR & Co. and G-III Apparel Group Ltd.

Sycamore initially expressed interest for Jones Group’s apparel business and then considered buying its footwear business before deciding to consider purchasing the whole company once G-III announced it was no longer interested in making a bid. Sycamore owns other retail chains including Talbots and Hot Topic.

Jones Group declined comment in the article.

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