NEW YORK — Rachel Roy is trying to stop Jones Apparel Group from selling her business to Bluestar Alliance for $14.6 million, a move that allegedly was done without her consent.
Roy has filed a lawsuit against Jones claiming breach of a contractual agreement in connection with the sale of her business, which allegedly was done “free and clear” of the designer’s approval rights. The lawsuit was filed April 11 in a New York state court in Manhattan. Named as defendants were Jones Investment Co. Inc., Jones Apparel Group USA Inc. and The Jones Group Inc. Jones has since been acquired by Sycamore Partners in a transaction valued at $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)