Authentic Brands acquires Jones New York
Mark Weber will join the company as strategic advisor on Jones New York
Authentic Brands Group (ABG) has acquired US fashion brand Jones New York and has appointed the former CEO of LVMH as strategic advisor.
The acquisition marks a new milestone in the company's growth, propelling the ABG portfolio to more than US$4.5bn in retail sales.
"Jones New York has a long-standing position as an iconic American brand through best-in-class licensing and retail partners," said Nick Woodhouse, president and CMO of ABG. "We see great opportunity for this powerhouse brand and are implementing a strategy that is fuelled by partnerships, innovative design, and distribution. Jones has a deep-rooted American heritage that we are excited to leverage on a global scale."
Additionally, Mark Weber will join the company as strategic advisor with an immediate focus on the Jones New York brand. He has a storied career having been both president and CEO of PVH Corp, and most recently, served an eight-year term as CEO of LVMH. Here, he was a member of the executive committee in Paris overseeing a number of businesses, most notably serving as chairman and CEO of Donna Karan International, Thomas Pink.
ABG's initial focus for Jones New York will be the development of its strategic positioning, enhancing core values, and rebuilding the brand to its former prominence. There will be a strong emphasis on women's apparel and accessories.
ABG is preparing to announce a new long-term, strategic partner in the US and Canada for key categories that will launch at retail in spring 2016.
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