INTEREST IN JONES: As second-round bids for The Jones Group Inc. are expected to be forthcoming at the end of this month, more names of possible bidders have surfaced. According to dealReporter, Leonard Green & Partners and Golden Gate Capital are also interested in the assets of Jones Group. Lance Schumacher, director of tax in Leonard Green’s finance and operations department, did not return a request for comment by press time, while a spokeswoman for Golden Gate declined comment.
Last week, sources close to the process confirmed to WWD that KKR & Co. and Sycamore Partners are working together and had already submitted a first-round bid for Jones over the summer.
This story first appeared in the September 17, 2013 issue of WWD. Subscribe Today.
As reported, Jones is focusing on either selling the apparel and footwear businesses separately or the entire firm outright.
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