Jones Expands GRI Stake
New York–based Jones Apparel Group acquired an additional 15 percent interest in GRI Group Limited for $15 million, increasing its ownership stake in GRI to 25 percent. GRI holds the exclusive license to Jones’ brands in Asia and Europe. (Jones first invested in GRI in June 2008.) Jones’ brands include Jones New York, Nine West, Anne Klein, Gloria Vanderbilt, Kasper, Bandolino, Easy Spirit, Evan-Picone, l.e.i., Energie, Enzo Angiolini, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Albert Nipon and Le Suit.
