NEW YORK — The bidding has begun for all or part of Jones Group Inc.
The company hired Citi as its investment bank to explore options, and according to financial and market sources, the first round of bids was due on July 19. Currently, offers are being accepted for three options: the entire firm, the apparel division and the footwear business. Financial sources said there were bids submitted for each option, but it couldn’t be determined what firms were bidding for which business. Sources said both strategic players and financial sponsors have expressed interests in the different options.
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