Authentic Brands buys Jones New York: CORRECTED

Authentic Brands Group LLC said Thursday it acquired fashion brand Jones New York a portfolio company of from Sycamore Partners. Financial terms weren’t announced. Authentic Brands is owned by Leonard Green & Partners. Jones New York, which does $1 billion in retail sales, is a brand known for providing clothes for working women. CORRECTION: Authentic Brands is buying the Jones New York brand and not the portfolio company from Sycamore. Jones New York is winding down operations this year and shutting its retail locations, a spokesman said. The story has been corrected.

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