Jones Apparel Group invests in GRI Group

By Associated Press
June 23, 2008
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Apparel maker Jones Apparel Group Inc. on Monday said it acquired a minority stake in GRI Group Ltd., an accessories and apparel brand-management and retail-distribution company.

Financial terms were not disclosed.

GRI is the exclusive licensee of several of Jones brands in Asia, including Nine West, Anne Klein New York, Easy Spirit and others.

Jones said the move allows it to expand its retail footprint in Asia.
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