Blog: Jones gets upscale break
Leonie Barrie | 13 June 2008
The market seemed to like yesterday’s news that Jones Apparel Group Inc has formed a joint venture to develop the Rachel Roy Fashion Brand. Shares rose as the apparel maker said it had finally found a long-awaited entry into the high-end contemporary market.
Upscale lines seems to be the way forward – also this week we saw VF Corp buy into Mo Industries, owner of the Splendid and Ella Moss women’s sportswear brands to complement its fast-growing 7 For All Mankind and Lucy brands.
And the deal means that Jones now has another string to its bow alongside stalwarts such as its Nine West shoes and Gloria Vanderbilt lines. Crucially, though, the new brand extend its reach to growing consumer segments, broaden its presence in healthy and growing retail channels, and of course offers opportunities to expand through global store expansion and new product launches like fragrance, footwear and accessories.
It’s all part of the continuing dynamic to latch on to new opportunities, driven by demand from specialty and department stores for exclusive brands. Jones’ previous foray into the high-end market has been with its Barneys New York retail unit, which it sold to Dubai-based investment firm for $942.3m last summer.
Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...
The Bangladesh government was forced to respond late last week to pressure over its crackdown on labour activists after a number of global brands and retailers, including H&M and Inditex announced pla...
Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...
With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...
- Digitalisation and data to disrupt supply chains
- EU eyes mandatory due diligence for apparel supply
- 3D CAD comes of age
- Unlocks for the future fashion sourcing landscape
- What TTIP might mean for US, EU textiles & apparel
- Li & Fung forms supply chain partnership with PVH
- Big data to help US firms improve clothing fit
- Levi Strauss and ILO probe Cambodia factory death
- US Q4 in brief – G-III Apparel, Finish Line
- Labour rights risk Bangladesh EU trade benefits?
- Central and East Europe Report Package
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Outdoor performance apparel 2016: A broader perspective
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack