Jones New York is an
esteemed American brand renowned for its reputation of excellence in design,
quality and style. With an active and loyal consumer following, today the brand
drives close to $1B in retail sales across department stores in the US as well
as key international markets including Canada, Europe, the Middle East and
Latin America.
As part of this important acquisition ABG announces the
appointment of Mark Weber as Strategic Advisor whose immediate focus will be on
the Jones New York brand. Weber has a
storied career having been both President and CEO of PVH Corp, and most
recently, served an 8-year term as CEO of LVMH, Inc. (Louis Vuitton Moet
Hennessy).
ABG’s initial focus for Jones New York will be the
development of its strategic positioning, enhancing core values, and rebuilding
the brand to its former prominence.
In January 2015, Jones New York, a portfolio company of
private equity firm Sycamore Partners, announced that it was pursuing strategic
alternatives for the Jones New York brand and, in conjunction with this action,
is closing its retail locations and certain related business operations over
the course of 2015.
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