Business

Jones Group suits Sycamore Partners

Sycamore Partners just gulped down 🦋another plate of retail brands — and it already wants to see the menu again.

The New York private-equity fi🅘rm on Tuesday completed the $2.2 billion acquisition of Jones Group, whose slew of Seventh Avenue labels include Stuart Weitzman, Kurt Geiger, Anne Klein and Nine 🍸West.

Meanwhile, Sycamore co-founder Stefan Kaluzny is poised to raise a fresh $2.5 billion in the coming weeks for his second major൲ buyout fund, sourc🍨es said, and will continue to prowl for more bargains.

“It’s safe to say there are more deals to come,” said a source c🍸lose to Sycamore, noting that the PE fir🍒m has already closed on nearly $2 billion of the new fund.

“They like out-of-favor companies, and they’re definitel𒐪y value-driven.”

Kaluzny, a former partner at Golden Gate Capital who declined to be interviewed Tuesday, likes labels that ✤seem to be on their l🍷ast legs.

In the case of Jones, sources said longtime CEO Wes Card is expected to retire. Sycamore plans to keep the firm’s older labels — ♈Anne Klein and Nine West, et al. — while selling off the more valuable Weitzman and Geiger franchises.🍸

Having raised🦹 $1 billion in 2012 for a previous fund, Kaluzny used that cash for acquisitions and investments in down-and-out brands such as mall retailers Hot Topic𒊎 and Aeropostale, and the dowdy women’s clothier Talbots.

Nevertheleඣss, sources said the 𝐆distressed-investing guru has attracted fresh cash with the unlikely success of his retail bets.

“The early pe😼rformance of Talbo💮ts has been very good,” according to one source close to the situation. “The turnaround is well under way and starting to perform.”