Jones Apparel Completes Kasper Acquisition
Jones Apparel Group Inc., Bristol, Pa., has acquired the common stock of Kasper A.S.L. Ltd. The
purchase price consists of $221 million in cash and is subject to certain post-closing adjustments,
including one based on closing working capital. The purchase adds the Kasper, Anne Klein, Albert
Nipon and Le Suit brands to Jones Apparel's portfolio.