Transactions

  • October 30, 2017 - Roberta Roller Rabbit has been sold to an investor group

    Avalon Net Worth has identified an investor group for the acquistion of Roberta Roller Rabbit... 

    Read More
  • March 31, 2017 - Atlantic Street Capital portfolio's company, Alex Apparel Group, Inc., have acquired Sally Lou Fashions

    Avalon Net Worth has identified a strategic target company for Atlantic Street Capital and its portfolio company, Alex Apparel Group, to aquire... 

    Read More
  • March 02, 2017 - ANW has advised on the sale of Jaclyn, Inc. (OTCMKTS:JCLY), to an affiliate of Golden Touch Imports, Inc.

    Jaclyn, Inc. (OTCMKTS:JCLY), a $175 million (revenues) multi-line fashion and accessory firm, has been sold to an affiliate of Golden Touch Imports, Inc. ... 

    Read More
  • February 27, 2017 - Molli Partners LLC has sold its four shoe brands to Teshoeque LLC

    Molli Partners LLC has completed a sale of it's major brands to Teshoeque LLC... 

    Read More
  • 1
  • 2
  • 3
  • 4
  • 5

Noteworthy

  • October 17, 2017 - Global Private Wealth Dallas Forum on Macroeconomics

    At the 2017 GPW Dallas Forum our Co-CEO, Lynda Davey, spoke alongside other prominent industry executives regarding the current

    Read More
  • July 25, 2017 - Retail Summer School at Columbia Business School

    Richard Jaffe, a Managing Director at Avalon, will host the 9th Annual Retail Summer School along with Shoptalk at

    Read More
  • May 10, 2017 - Retail’s Private Equity Legacy: Big Debt, Big Problems

    In an article published by WWD magazine our Co-CEO, Jack Hendler, shares his insight on Private Equity in the

    Read More
  • April 04, 2017 - Why Millennials and Mid-Market Firms Are a Fashion Match

    Apparel magazine published an article where our Co-CEO, Jack Hendler, discusses Milennials and Retail...    Read More...

    Read More
  • 1
  • 2
  • 3
  • 4
  • 5

Avalon Net Worth’s Client In Pursuit of Acquisition of Jones Group’s Footwear

WWD3

By EVAN CLARK

A PIECE OF JONES: The would-be bidders for pieces of The Jones Group Inc. are lining up, but the process — which is being run by Citi — is still focused on selling the entire apparel and footwear businesses separately or the whole company outright. Toronto-based Sherson Group, a longtime licensee of Jones' Nine West footwear brand, has hired investment bank Avalon Net Worth to pursue an acquisition of the moderate footwear business, which includes Nine West, Bandolino and other brands.

"They've engaged us to get to Jones and see whether we're able to extract that piece," said Jack Hendler, president of Avalon. "They want to make sure it falls into the right hands."

The licensee has some company in the wings. Delta Galil Industries Ltd. is also believed to be interested in buying the Gloria Vanderbilt business. And a source close to the situation said, "Every garmento in New York has come out of the woodwork" wanting a part of the company. The source cautioned that not all of the expressions of interest are credible.

Sherson-Group