
US Tariffs are shifting - will you react or anticipate?
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By GlobalDataUS clothing giant Jones Apparel Group Inc is to acquire the producer of lei jeans for $385 million as it looks to strengthen its hand in the fast-growing teen clothing market, it announced on Wednesday.
The deal for RSV Sport Inc and its related companies, lei, includes one million shares of Jones stock, valued at $37.5m, and $272.5m in cash, the New York-based firm revealed in a news release.
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData