USA: Jones Apparel To Broaden Product Line With Victoria + Co Purchase
Jones Apparel Group, Inc (NYSE: JNY) announced that it has signed a letter of intent to purchase 100 per cent of the equity of Victoria + Co Ltd, ("Victoria"), a privately held company owned by Robert Andreoli, chairman, and several equity partners. Victoria is a leading designer and marketer of branded and private label costume jewelry sold to fine department and specialty stores.