Exclusive: KKR pulls out of Jones Group auction – sources

Beaches Negril Sale

NEW YORK (Reuters) – Private equity firm KKR & Co LP has withdrawn from the bidding process for Jones Group Inc , two people familiar with the matter said on Thursday, raising questions over the prospects of the auction for the fashion and footwear company. KKR, which had teamed up with Sycamore Partners LLC, another buyout firm, was the only party vying to buy the whole company, the people said, asking not to be identified because details of the sale process are confidential. It was not clear whether Sycamore Partners would remain in the sale process. …

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