Nine West Holdings
| Private | |
| Industry | Fashion |
| Founder | Sidney Kimmel |
| Headquarters | New York City, United States |
| Owner | Sycamore Partners |
Number of employees | 6,000 |
Nine West Holdings (formerly The Jones Group and Jones Apparel Group), a company with over 6,000 employees, is an American designer, marketer and wholesaler of branded clothing, shoes and accessories.
Operations
Nine West Holding headquarters are in New York City. The company also markets directly to consumers through their chain of specialty retail and value-based stores. In addition, it markets costume jewelry under the Givenchy brand licensed from Givenchy Corporation and footwear under the Dockers Women brand licensed from Levi Strauss & Co.
History
In 1970, Sidney Kimmel founded and became President of the Jones Apparel Division of W.R. Grace & Co. Together with Grace accountant Gerard Rubin, Kimmel bought Grace's fashion division in 1975, incorporating it as Jones Apparel Group. Jones expanded quickly by bringing out new labels and licensing others, such as Christian Dior.
In the early 1980s, Jones Apparel offered the sweatsuit fashions of Norma Kamali, and in 1984 they acquired the license for the Gloria Vanderbilt line from Murjani.
In the early 1990s, Jones again took off. The company expanded with new lines, such as Rena Rowan and Jones & Co.
In 2004, the company purchased luxury department store chain Barneys New York for $400 million, and sold it, in September 2007, to Dubai-based investment firm Istithmar for $942.3 million.
In December 2013, Sycamore Partners, which is managed by Stefan L. Kaluzny, purchased the Jones Group for about USD $2.2 billion.[1][2] Wesley Card is the CEO of The Jones Group.[2] In 2014, Sycamore split Jones into six different companies: Nine West Group, One Jeanswear Group, Jones New York, the Kasper Group, Stuart Weitzman and Kurt Geiger. The Jones Group was renamed Nine West Holdings and became parent to Nine West Group and One Jeanswear Group.[3] Later in 2014, Anne Klein, Easy Spirit and NW Jewelry Group were split into separate operating companies of Nine West.[4]
In 2014, Brian Atwood was sold to Steve Madden.[5] In 2015, Stuart Weitzman was sold to Coach and Jones New York was sold to Authentic Brands Group.[6][7]
Brands
Nine West Holdings' brands include:
- Anne Klein
- Easy Spirit
- Nine West
- Enzo Angiolini
- Circa Joan & David
- NW Jewelry
- ONE Jeanswear Group
References
- ↑ Clark, Evan (19 December 2013). "Sycamore to Buy The Jones Group in $2.2B Deal". WWD. Retrieved 20 December 2013.
- 1 2 "Sycamore Completes Acquisition of The Jones Group". WWD. 9 April 2014. Retrieved 9 April 2014.
- ↑ Sycamore Partners Establishes Four Additional Independent Companies in Organizational Realignment of The Jones Group
- ↑ Sycamore’s Nine West Footwear Group to Split Into Four Companies
- ↑ Steve Madden Acquires Brian Atwood
- ↑ Coach Expands Luxury Fashion Brand Buying Shoemaker Stuart Weitzman
- ↑ Jones New York finds a new home