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INTEREST IN JONES: As second-round bids for The Jones Group Inc. are expected to be forthcoming at the end of this month, more names of possible bidders have surfaced. According to dealReporter, Leonard Green & Partners and Golden Gate Capital are also interested in the assets of Jones Group. Lance Schumacher, director of tax in Leonard Green’s finance and operations department, did not return a request for comment by press time, while a spokeswoman for Golden Gate declined comment.
Last week, sources close to the process confirmed to WWD that KKR & Co. and Sycamore Partners are working together and had already submitted a first-round bid for Jones over the summer.
As reported, Jones is focusing on either selling the apparel and footwear businesses separately or the entire firm outright.
RELATED STORY: KKR, Sycamore Said Weighing Jones Bid >>