Private equity firms Texas Pacific Group and Cerberus Capital Management are said to be in sale discussions with Jones Apparel Group.
A brief look at some of the day’s stories.
Fragrance marketer Bond No. 9, which is known for its scents inspired by Manhattan neighborhoods, is set to launch a unisex fragrance called The Scent of Peace.
J.C. Penney isn’t known for high-ticket fashion, but it broke into the upper strata Saturday when a jacket created by the chain’s design director, Geoffrey Henning, sold for $35,000 at the annual Design Industries Foundation Fighting AIDS auction here.