Divestiture • Apparel/Textiles

Authentic Brands Group Acquires Jones New York

On April 23, 2015, Authentic Brands Group acquired apparel/textiles company Jones New York from Nine West Holdings

Acquisition Context
  • This is Authentic Brands Group’s 4th transaction in the Apparel/Textiles sector.
  • This is Authentic Brands Group’s 7th transaction in the United States.
  • This is Authentic Brands Group’s 2nd transaction in New York.

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M&A Deal Summary

Date April 23, 2015
Target Jones New York
Sector Apparel/Textiles
Buyer(s) Authentic Brands Group
Sellers(s) Nine West Holdings
Deal Type Divestiture

Target Company

Jones New York

New York, New York, United States
Jones New York is an American fashion brand and womenswear chain offering the Jones New York brand's clothing & accessories.
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Buyer Overview 1

Buyer

Authentic Brands Group

New York, New York, United States

Category Company
Sector Consumer Products
DESCRIPTION

Authentic Brands Group is a brand development company which owns a major global portfolio of iconic fashion, sports and entertainment brands. ABG's mission is to acquire, manage and build long-term value of consumer brands through partnering with best-in-class licensees and retailers. Authentic Brands Group is based in New York, New York.


Deal Context for Buyer #
Overall 9 of 30
Sector: Apparel/Textiles 4 of 19
Type: Divestiture 4 of 12
State: New York 2 of 8
Country: United States 7 of 25
Year: 2015 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-31 Collective Licensing International

Englewood, Colorado, United States

Collective Licensing International LLC includes several youth lifestyle, athletic and board-sports inspired brands, including Airwalk, Hind, Vision Street Wear and Above The Rim.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-16 Frederick s of Hollywood

Los Angeles, California, United States

Frederick's of Hollywood, Inc. is a provoider of intimates and lingerie product through a chain of 126 stores, as an online e-retailer and through a catalog.

Buy -

Seller Profile 1

SELLER

Nine West Holdings

White Plains, New York, United States

Category Company
Founded 1970
Sector Apparel/Textiles
Revenue 3.8B USD (2013)
DESCRIPTION

Nine West Holdings is a women’s footwear and denim business with a portfolio of brands that includes Nine West, Easy Spirit, Anne Klein, Gloria Vanderbilt, and l.e.i. The company is a wholesale partner to major U.S. retailers, operates over 250 branded concept stores, and has international licensing relationships with over 1,200 points of sale abroad.


Deal Context for Seller #
Overall 4 of 6
Sector: Apparel/Textiles 3 of 5
Type: Divestiture 4 of 6
State: New York 1 of 3
Country: United States 3 of 5
Year: 2015 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-11 Kurt Geiger

London, United Kingdom

Kurt Geiger is a retailer of designer footwear and accessories. Kurt Geiger has a portfolio of attractive brands (including Kurt Geiger London, KG, Miss KG, and Carvela) and operates over 80 stores globally and 240 concessions within some of the world’s most prestigious department stores including Harrods, Selfridges, House of Fraser and Debenhams and partners with leading international brands. Kurt Geiger was founded in 1963 and is based in London, England.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-24 Sherson Group

Toronto, Ontario, Canada

Sherson Group, Inc. is a distributors and retailers of footwear and accessories.

Buy -