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8-K - FORM 8-K - JONES GROUP INC | y89851e8vk.htm |
EX-23.1 - EX-23.1 - JONES GROUP INC | y89851exv23w1.htm |
FOR IMMEDIATE RELEASE
The Jones Group Inc.
The Jones Group Inc.
Investor Contact:
John T. McClain, Chief Financial Officer
The Jones Group Inc.
(212) 642-3860
John T. McClain, Chief Financial Officer
The Jones Group Inc.
(212) 642-3860
Media Contacts:
Joele Frank and Sharon Stern
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
Joele Frank and Sharon Stern
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
THE JONES GROUP INC. ANNOUNCES $300 MILLION OFFERING
OF SENIOR NOTES DUE 2019
OF SENIOR NOTES DUE 2019
NEW YORK March 2, 2011 The Jones Group Inc. (Jones) (NYSE: JNY) today
announced its intent to commence an offering of $300 million of Senior Notes due 2019. The
offering will be made under an effective shelf registration statement filed with the U.S.
Securities and Exchange Commission. The proceeds of the offering will be used for repayment of debt and general corporate
purposes.
Citi, J.P. Morgan, BofA Merrill Lynch, SunTrust Robinson Humphrey and Wells Fargo Securities will
serve as Joint Book-Running Managers on this transaction. This press release shall not constitute
an offer to sell or a solicitation of an offer to buy the securities. The offering will be made
only by means of a prospectus supplement and the accompanying base prospectus, copies of which may
be obtained on the SECs website at www.sec.gov or by contacting Citi at the following address:
Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220 or by calling the
following toll-free number: (800) 831-9146.
About The Jones Group Inc.
The Jones Group Inc. (www.jonesgroupinc.com) is a leading global designer, marketer and wholesaler
of over 35 brands with best-in-class product expertise across five divisions: apparel,
footwear, jeanswear, jewelry and handbags. The Jones Group has a reputation for innovation,
excellence in product quality and value, operational execution and talent. The Company also
markets directly to consumers through branded specialty retail and outlet stores and through its
e-commerce sites.
The
Companys nationally recognized brands and licensing agreements
(L) include: Nine West, Jones
New York, Anne Klein, Rachel Roy (L), Robert Rodriguez, Robbi & Nikki, Stuart Weitzman, B Brian
Atwood (L), Boutique 9, Easy Spirit, Gloria Vanderbilt, l.e.i, Bandolino, Enzo Angiolini, Nine &
Co., GLO, Joan & David, Joneswear, Andrew Marc/Marc Moto (L), Kasper, Energie, Evan-Picone, Le
Suit, Mootsies Tootsies, Grane, Erika, Napier, Jessica Simpson (L), Dockers (L), Sam & Libby,
Givenchy (L), Judith Jack, Albert Nipon and Pappagallo.
Forward-Looking Statements
Certain statements contained herein are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements regarding the Companys expected
financial position, business and financing plans are forward-looking statements. The words
believes, expects, plans, intends, anticipates and similar expressions identify
forward-looking statements. Forward-looking statements also include representations of the
Companys expectations or beliefs concerning future events that involve risks and uncertainties,
including:
| those associated with the effect of national, regional and international economic conditions; | ||
| lowered levels of consumer spending resulting from a general economic downturn or lower levels of consumer confidence; | ||
| the tightening of the credit markets and the Companys ability to obtain capital on satisfactory terms; | ||
| given the uncertain economic environment, the possible unwillingness of committed lenders to meet their obligations to lend to borrowers, in general; | ||
| the performance of the Companys products within the prevailing retail environment; | ||
| customer acceptance of both new designs and newly-introduced product lines; | ||
| the Companys reliance on a few department store groups for large portions of the Companys business; | ||
| the Companys ability to identify acquisition candidates and, in a competitive environment for such acquisitions, acquire such businesses on reasonable financial and other terms; | ||
| the integration of the organizations and operations of any acquired businesses into the Companys existing organization and operations; | ||
| consolidation of the Companys retail customers; | ||
| financial difficulties encountered by the Companys customers; | ||
| the effects of vigorous competition in the markets in which the Company operates; | ||
| the Companys ability to attract and retain qualified executives and other key personnel; | ||
| the Companys reliance on independent foreign manufacturers, including political instability in countries where contractors and suppliers are located; | ||
| changes in the costs of raw materials, labor, advertising and transportation; | ||
| the general inability to obtain higher wholesale prices for the Companys products that the Company has experienced for many years; | ||
| the Companys ability to successfully implement new operational and financial computer systems; and | ||
| the Companys ability to secure and protect trademarks and other intellectual property rights. |
A further description of these risks and uncertainties and other important factors that could cause
actual results to differ materially from the Companys expectations can be found in the Companys
Annual Report on Form 10-K for the year ended December 31, 2010, including, but not limited to, the
Statement Regarding Forward-Looking Disclosure and Item 1A-Risk Factors therein, and in the
Companys other filings with the Securities and Exchange Commission. Although the Company believes
that the expectations reflected in such forward-looking statements are reasonable, such
expectations may prove to be incorrect. The Company does not undertake to publicly update or
revise its forward-looking statements as a result of new information, future events or otherwise.