It’s still a jump ball for The Jones Group Inc.
This story first appeared in the September 25, 2013 issue of WWD. Subscribe Today.
The company, which is being sold off by Citi, received a number of bids in the second round of an auction that wrapped up Monday, according to sources.
The process is a fairly complicated one, with some would-be acquirers wanting to buy the whole company and others chasing after only parts of the firm.
Jones is said to be weighing the options and still deciding how to proceed. “There’s no inevitability around anyone or any one alternative,” said one person familiar with the situation.
It’s been a lively sale process and one that put into play a portfolio of roughly 35 brands, including Kurt Geiger, Stuart Weitzman, Rachel Roy and Brian Atwood.
New names keep cropping up. G-III Apparel Group Ltd., which has been on the prowl for deals, is said to be among the bidders. Morris Goldfarb, chairman and chief executive officer of G-III, declined to comment Tuesday on what he described as “industry rumors.”
Among the other companies said to have expressed interest during the process are KKR & Co., which is working in tandem with Sycamore Partners; Leonard Green & Partners; Golden Gate Capital, and Iconix Brand Group Inc.