Jones Apparel Group Inc. (Bristol, Pa.) has completed its $397 million acquisition of Barneys New York.
“The acquisition of Barneys is a wonderful complement to our diversification strategy,” said Jones ceo Peter Boneparth. “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.”
Jones Apparel Group, a leading designer and marketer of branded apparel, footwear and accessories, produces such nationally recognized brands as Jones New York, Evan-Picone, Norton McNaughton, Gloria Vanderbilt, Erika, l.e.i., Energie, Nine West, Easy Spirit, Enzo Angiolini, Bandolino, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Kasper, Anne Klein, Albert Nipon and LeSuit. The company also markets apparel under the Polo Jeans Company brand licensed from Polo Ralph Lauren Corp.; costume jewelry under the Tommy Hilfiger brand licensed from Tommy Hilfiger Licensing Inc.; and the Givenchy brand licensed from Givenchy Corp.