243
Fashion Jobs
L'OREAL GROUP
Head of Advocacy & Influence - l’Oréal Dermatological Beauty - Copenhagen
Permanent · COPENHAGEN
ESTÉE LAUDER COMPANIES
District Manager (Funen/Jutland)
Permanent · AARHUS
ESTÉE LAUDER COMPANIES
Handelselev Med Speciale i Digital Handel - E-Commerce
Permanent · COPENHAGEN
ZIZZI
Online Buyer Til Fashion
Permanent · BILLUND
SAMSOE
Logistik Koordinator
Permanent · GLOSTRUP
ONLY
Business Controller
Permanent · BRANDE
ONLY
International Sales Manager
Permanent · BRANDE
JACK & JONES
Konstruktører, Jack & Jones og Jjxx
Permanent · BRANDE
BEST SELLER
Environmental Programme Coordinator
Permanent · KØBENHAVN K
BEST SELLER
Product Owner - Data-Driven Solutions & ai
Permanent · AARHUS
SELECTED FEMME/HOMME
Sales Representative
Permanent · BRANDE
L'OREAL GROUP
Key Account Relationship Specialist
Permanent · COPENHAGEN
SAMSOE
Business Controller (Sql And Data Analytics Specialist)
Permanent · COPENHAGEN
ACE & TATE
Optometrist Copenhagen i NY Østergade
Permanent · COPENHAGEN
VERO MODA
Business Controller
Permanent · AARHUS
VERO MODA
Buyer | Curve
Permanent · AARHUS
ONLY
Demand Planner
Permanent · BRANDE
L'OREAL GROUP
Supply Chain Graduate - l’Oréal Luxe Product Division - Copenhagen
Permanent · COPENHAGEN
KERING EYEWEAR
Kering Eyewear - Lindberg Junior Trade Marketing Manager
Permanent · AARHUS
ESPRIT
Area Manager Multilabel Nordic Women
Permanent · COPENHAGEN
ZIZZI
IT Operations Manager
Permanent · BILLUND
TJX EUROPE
Buying Coordinator
Permanent · COPENHAGEN
By
Reuters
Published
Sep 27, 2013
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KKR pulls out of Jones Group auction

By
Reuters
Published
Sep 27, 2013

NEW YORK, United States - Private equity firm KKR & Co LP has withdrawn from the bidding process for Jones Group, two people familiar with the matter said on Thursday, raising questions over the prospects of the auction for the fashion and footwear company.

KKR, which had teamed up with Sycamore Partners LLC, another buyout firm, was the only party vying to buy the whole company, the people said, asking not to be identified because details of the sale process are confidential.

Jones Group shares ended trading down 3.7 percent at $15.64 on Thursday after dropping as much as 8 percent on the news. The stock has risen 47 percent year-to-date on hopes of a sale, outperforming a 19 percent rise in the Standard & Poor's 500 Index.

It was not clear whether Sycamore Partners would remain in the sale process. Other bidders continued to vie for parts of Jones Group and the company requested new offers from prospective bidders earlier this week, the people said.

Shoemaker Steven Madden, women's footwear designer Vince Camuto, and private equity firms Golden Gate Capital LLC and Sun Capital Partners Inc are among the bidders vying for some parts of Jones Group, other people familiar with the matter said this week.

KKR, Sycamore, Golden Gate and Sun Capital declined to comment. Representatives of Jones Group, Steven Madden and Vince Camuto did not respond to requests for comment.

Jones Group, which has a market value of $1.3 billion and has struggled to keep up with competition in recent years, has hired Citigroup to explore a sale of the company, people familiar with the matter said in July.

The auction followed pressure from activist hedge fund manager Barington Capital Group LP, whose chief executive James Mitarotonda joined the board of Jones in May. Barington urged Jones to focus on its shoe brands and to pare down its noncore fashion brands.

In April, Jones said it would close about 170 under-performing U.S. stores by mid-2014 and cut its workforce by about 8 percent as it tries to revive profits. It posted an unexpected second-quarter operating profit in July, helped by a surge in sales of its jeans to U.S. department stores.

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