By  on February 18, 2014

While Sycamore Partners prepares to close on its $2.2 billion transaction to acquire The Jones Group in the second quarter, the first deal representing a sell-off of assets could be Rachel Roy.

As reported last month, brand-management firm Bluestar Alliance has been eyeing the acquisition of the Rachel Roy brand, which is still under the Jones umbrella. Sources said those talks, which were ongoing before Jones inked its deal with the private equity firm, are nearing completion. Part of the delay was due to other entities wanting to take a look at the brand, sources said. Those sources also said Bluestar has financing in place to complete the deal.

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