Jones Group Enters $2.2 Billion Merger With Sycamore Partners
Jones Group shareholders overwhelmingly voted to approve the company's merger with Sycamore Partners in a deal that values the firm at approximately $2.2 billion. The Jones Group Inc. and Sycamore Partners have received all requisite approvals required to complete the transaction. The companies are committed to a seamless transition and expect to close the transaction promptly. Wesley R. Card, The Jones Group CEO, said, "We're pleased to have received such positive shareholder support for the merger with Sycamore Partners. We believe this transaction represents the best outcome for The Jones Group, our shareholders and the loyal customers of our brands."