USA: Jones Apparel Agrees Esprit Licensing Deal
Clothing giant Jones Apparel Group Inc announced on Tuesday it had completed its letter of intent to enter a five-year licensing agreement with a unit of Hong Kong's Esprit Holdings Ltd.
The New York-based company said in a statement that the deal for Esprit women's and young women's footwear, handbags and small leather goods would allow its Nine West Group to distribute those items to department stores and retailers in the US and Puerto Rico.