NEW YORK — Shares of The Jones Group Inc. rose 4 percent Wednesday to close at $15.11 in Big Board trading following a report that private equity firms KKR & Co. and Sycamore Partners were considering a joint bid for the apparel firm.
Two sources close to the process confirmed that the private equity firms were working together and one of these sources said the pair had submitted a first-round bid for Jones over the summer. Executives at KKR and Sycamore declined comment. RELATED STORY: Bidding Begins on Jones Group >>
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"