Jones apparel completes acquisition of Barneys - leatherbiz: Leading n Leatherbiz

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Jones apparel completes acquisition of Barneys

22/12/2004

America’s Jones Apparel Group, Inc., - designer and marketer of branded apparel, footwear and accessories including brands such as Nine West, Gloria Vanderbilt, and Evan-Picone – has completed its acquisition of Barneys New York, Inc. The transaction is valued at $397.3 million including $19.00 per common share to Barneys’ shareholders totalling $291.3 million.

 

"The acquisition of Barneys is a wonderful complement to our diversification strategy. Its focus on the luxury consumer provides an added dimension to our existing brand portfolio and creates future expansion opportunities. I welcome Howard Socol, chairman and CEO of Barneys New York, and the entire Barneys team to the Jones family," said Peter Boneparth, CEO of Jones Apparel.

 

 



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