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Jones Apparel Group Inc

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BUSINESS
August 9, 2007 | From Times Wire Services
Jones Apparel Group Inc., the maker of Jones New York clothing and Nine West shoes, accepted a sweetened $942.3-million offer for its Barneys New York luxury department store unit from Dubai investment firm Istithmar. Fast Retailing Co., Asia's largest apparel retailer, said it was evaluating whether pursuing Barneys would be in its shareholders' best interests. Fast has until 5 p.m. Eastern time today to raise its $950-million bid. Jones, based in Bristol, Pa., would have to pay a $34.
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BUSINESS
August 9, 2007 | From Times Wire Services
Jones Apparel Group Inc., the maker of Jones New York clothing and Nine West shoes, accepted a sweetened $942.3-million offer for its Barneys New York luxury department store unit from Dubai investment firm Istithmar. Fast Retailing Co., Asia's largest apparel retailer, said it was evaluating whether pursuing Barneys would be in its shareholders' best interests. Fast has until 5 p.m. Eastern time today to raise its $950-million bid. Jones, based in Bristol, Pa., would have to pay a $34.
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BUSINESS
March 24, 2004 | From Reuters
Jones Apparel Group Inc. launched a hostile $297-million takeover bid for Maxwell Shoe Co., taking its cash offer directly to the shoe designer's shareholders. New York-based Jones said it had begun a tender offer of $20 a share for Maxwell's 14.8 million Class A shares. Maxwell's board previously rejected the bid. Shares of Hyde Park, Mass.-based Maxwell Shoe rose 50 cents to $22.59 on Nasdaq. Jones shares rose 12 cents to $35.78 on the New York Stock Exchange.
BUSINESS
June 23, 2007 | From Times Wire Services
In a bid to make the company more profitable and to increase shareholder value, Jones Apparel Group Inc. entered into a definitive agreement to sell Barneys New York to an affiliate of Dubai-based investment firm Istithmar for $825 million. Jones is selling the chain for more than double what it paid in December 2004 in what was its first move into luxury retail. The deal is expected to close in the third quarter.
BUSINESS
June 23, 2007 | From Times Wire Services
In a bid to make the company more profitable and to increase shareholder value, Jones Apparel Group Inc. entered into a definitive agreement to sell Barneys New York to an affiliate of Dubai-based investment firm Istithmar for $825 million. Jones is selling the chain for more than double what it paid in December 2004 in what was its first move into luxury retail. The deal is expected to close in the third quarter.
BUSINESS
June 13, 2000
* Jones Apparel Group Inc. agreed to buy closely held Victoria & Co., a maker of costume jewelry under such brands as Napier and Richelieu, for $25 million and the assumption of about $65 million in debt. * VF Corp., maker of Lee and Wrangler clothing, won bankruptcy court approval to buy Fruit of the Loom Inc.'s Gitano brand for about $18 million. Further details weren't disclosed. * Guide to Our Staff: Need to reach Business section reporters or editors?
BUSINESS
August 17, 2002 | Bloomberg News
Jones Apparel Group Inc., the maker of Jones New York clothing and Nine West Shoes, bought closely held RSV Sport Inc., the manufacturer of l.e.i. jeans for women and girls. Jones Apparel, based in Bristol, Pa., paid $272.5 million in cash and about 1 million common shares valued at $35.04 each. About $83.2 million in debt was assumed, the company said in a statement. Los Angeles-based RSV Sport, whose products are sold at retailers such as Kohl's Corp., had $248 million in revenue last year.
BUSINESS
April 17, 2001 | Bloomberg News
Jones Apparel Group Inc., the maker of Jones New York and other clothing lines, agreed to buy McNaughton Apparel Group Inc. for $275 million in cash and stock to increase sales of mid-price garments. Jones Apparel said it will pay $10.50 in cash and about $10.50 in stock for each McNaughton share and will assume $297 million in debt. Shares of McNaughton rose $2.47, or 14%, to close at $19.87 on Nasdaq.
BUSINESS
March 20, 2002
* Consumer advocacy group Public Citizen asked the Food and Drug Administration to ban Abbott Laboratories' diet drug Meridia, linking the anti-obesity medicine to 29 deaths in the United States. Abbott's anti-obesity prescription drug also is under fire by health officials in Europe, who linked the medicine to two deaths and adverse side effects in hundreds of people. * Jones Apparel Group Inc.
BUSINESS
March 7, 2000 | JEF FEELEY, BLOOMBERG NEWS
Nine West Group Inc., the nation's largest supplier of women's shoes, agreed Monday to pay $34 million to settle federal and state antitrust claims over its pricing policies. Nine West, a unit of Jones Apparel Group Inc., now will allow retailers to discount its lines of women's shoes under the settlement with state attorneys general and the Federal Trade Commission, lawyers involved in the case said. Nine West sells shoes under such brand names as Amalfi, Bandolino, 9 & Co.
BUSINESS
March 24, 2004 | From Reuters
Jones Apparel Group Inc. launched a hostile $297-million takeover bid for Maxwell Shoe Co., taking its cash offer directly to the shoe designer's shareholders. New York-based Jones said it had begun a tender offer of $20 a share for Maxwell's 14.8 million Class A shares. Maxwell's board previously rejected the bid. Shares of Hyde Park, Mass.-based Maxwell Shoe rose 50 cents to $22.59 on Nasdaq. Jones shares rose 12 cents to $35.78 on the New York Stock Exchange.
BUSINESS
August 17, 2002 | Bloomberg News
Jones Apparel Group Inc., the maker of Jones New York clothing and Nine West Shoes, bought closely held RSV Sport Inc., the manufacturer of l.e.i. jeans for women and girls. Jones Apparel, based in Bristol, Pa., paid $272.5 million in cash and about 1 million common shares valued at $35.04 each. About $83.2 million in debt was assumed, the company said in a statement. Los Angeles-based RSV Sport, whose products are sold at retailers such as Kohl's Corp., had $248 million in revenue last year.
BUSINESS
March 20, 2002
* Consumer advocacy group Public Citizen asked the Food and Drug Administration to ban Abbott Laboratories' diet drug Meridia, linking the anti-obesity medicine to 29 deaths in the United States. Abbott's anti-obesity prescription drug also is under fire by health officials in Europe, who linked the medicine to two deaths and adverse side effects in hundreds of people. * Jones Apparel Group Inc.
BUSINESS
April 17, 2001 | Bloomberg News
Jones Apparel Group Inc., the maker of Jones New York and other clothing lines, agreed to buy McNaughton Apparel Group Inc. for $275 million in cash and stock to increase sales of mid-price garments. Jones Apparel said it will pay $10.50 in cash and about $10.50 in stock for each McNaughton share and will assume $297 million in debt. Shares of McNaughton rose $2.47, or 14%, to close at $19.87 on Nasdaq.
BUSINESS
October 26, 2000 | From Reuters and Bloomberg News
Chemical giant DuPont Co. said Wednesday that third-quarter operating earnings fell 14% because of surging raw material costs and the weak euro. It said those same problems could hurt it over the remainder of the year. DuPont said operating earnings declined to $537 million, or 51 cents a share, from $625 million, or 59 cents, a year earlier. Consolidated revenue was flat at $6.4 billion.
BUSINESS
June 13, 2000
* Jones Apparel Group Inc. agreed to buy closely held Victoria & Co., a maker of costume jewelry under such brands as Napier and Richelieu, for $25 million and the assumption of about $65 million in debt. * VF Corp., maker of Lee and Wrangler clothing, won bankruptcy court approval to buy Fruit of the Loom Inc.'s Gitano brand for about $18 million. Further details weren't disclosed. * Guide to Our Staff: Need to reach Business section reporters or editors?
BUSINESS
March 7, 2000 | JEF FEELEY, BLOOMBERG NEWS
Nine West Group Inc., the nation's largest supplier of women's shoes, agreed Monday to pay $34 million to settle federal and state antitrust claims over its pricing policies. Nine West, a unit of Jones Apparel Group Inc., now will allow retailers to discount its lines of women's shoes under the settlement with state attorneys general and the Federal Trade Commission, lawyers involved in the case said. Nine West sells shoes under such brand names as Amalfi, Bandolino, 9 & Co.
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