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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)