Kurt Geiger

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The Jones Group Inc.'s fourth-quarter loss narrowed partly because of lower charges. Its gross profit margins also improved because of the upscale Kurt Geiger shoe business and better results from its core businesses. The New York company, whose brands...

The Jones Group reported that second-quarter earnings dropped almost 80 percent to $5.2 million, compared with $25.7 million in the year-ago period. The retailer and manufacturer, whose brands include Nine West and Anne Klein, cited expenses related to the acquisition of U.K. luxury footwear retailer Kurt Geiger for the poor earnings performance but results still exceeded Wall Street estimates.

The Jones Group has acquired Kurt Geiger, Europe's largest luxury shoe retailer, from Graphite Capital, a leading U.K. midmarket private equity firm, for approximately $350 million in cash, inclusive of debt acquired.

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