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.
Contact [email protected] for any questions or corrections.
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.
Our top personal finance-related articles today. Your wallet will thank you later.
Top Gaining Stocks
Top Losing Stocks