The Jones Group was founded in 1970 by Sydney Kimmel when he became president of the Jones Apparel Division in the W.R. Grace & Company.
He bought the fashion division in 1975 and incorporated it as Jones Apparel Group.
The new company grew quickly and in 2004 bought the luxury department store Barneys New York for $400 million, which it sold in 2007 for $943.2 million to Dubai-based investment firm Istithmar.
In December of 2013 private equity firm Sycamore Partners bought The Jones Group and split it up into four companies: Nine West Holdings, Easy Spirit, Ann Klein, and NW Jewelry Group.
Nine West HoldingsThe Jones Group was founded in 1970 by Sydney Kimmel when he became president of the Jones Apparel Division in the W.R. Grace & Company.
He bought the fashion division in 1975 and incorporated it as Jones Apparel Group.
The new company grew quickly and in 2004 bought the luxury department store Barneys New York for $400 million, which it sold in 2007 for $943.2 million to Dubai-based investment firm Istithmar.
History
In December of 2013 private equity firm Sycamore Partners bought The Jones Group and split it up into four companies: Nine West Holdings, Easy Spirit, Ann Klein, and NW Jewelry Group.