The Jones Group Inc. is about to have a new owner — and fashion gets a new empire builder in Stefan L. Kaluzny.
The contrarian risk taker and managing director of Sycamore Partners inked a deal late Thursday to buy Jones for $15 a share, or $1.2 billion. The transaction includes $1 billion in debt, for a total value of $2.2 billion.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)