Talks between Jones, Stuart Weitzman and Irving Place Capital, which snapped up a stake in the shoe business in 2005, are proceeding and could wrap up within a couple of weeks, according to a person familiar with the negotiations.
Under the deal being contemplated, Jones would acquire a majority interest in the business. “It would be managed as a separate company [led by Weitzman],” said the source. Weitzman would also be able to use Jones’ resources to develop the business.
For more on Jones’ deal with Stuart Weitzman, click here.