The Jones Group had better-than-expected third-quarter results for fiscal 2013, as net income soared 67% to $28.3 million from $17.8 million. However, revenues in the quarter ended Oct. 5 fell about 1%, to $1.02 billion from $1.03 billion.
The Jones Group has entered into an exclusive, world-wide license agreement with Altair, a division of Marchon Eyewear for the creation, production, marketing and global distribution of ophthalmic eyewear and sunglasses under the Anne Klein brand.
The Jones Group announced that it has entered into an exclusive, world-wide license agreement with Philip Simon Brands Group for the creation, production, marketing and global distribution of a fashion sneaker collection under the Nine West brand.
The Jones Group has acquired Kurt Geiger, Europe's largest luxury shoe retailer from Graphite Capital, a leading United Kingdom mid-market private equity firm, for approximately $350 million in cash, inclusive of debt acquired.
NEW YORK - The Jones Group announced that it has further enhanced its talent with the additions of Rodney Hutton as chief merchandising officer of Anne Klein Brands and Daniela Bocresion as chief merchandising officer of Rachel Roy Brands, both effective immediately. Hutton and Bocresion will both report to Susan Metzger, CEO of women's wholesale sportswear for The Jones Group.