By  on April 16, 2014

The former Jones Group is decentralizing under the ownership of Sycamore Partners, and Wesley Card, who led the company as chief executive officer for seven years, is stepping down.

Sycamore, which closed on a $2.2 billion deal to buy the company this month, already spun off Stuart Weitzman and Kurt Geiger as independent companies. Late Tuesday, the private equity firm said the rest of the business would be split up into four different operating companies.

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