The Jones Group Inc. (NYSE: JNY) has been in talks to sell its jeanswear division to Delta Galil Industries Inc., but the two parties have now ended the discussions without a deal. Jones Group owns retailers Nine West, Jones New York, and Rachel Roy.
The deal under discussion was reportedly in the range of $350-$400 million.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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