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Thursday, Sep 26
Reuters: KKR pulls out of Jones Group auction
- KKR (KKR +2.2%) has withdrawn from the bidding process for Jones Group (JNY -5.3%), Reuters reports, raising questions over the prospects of the auction for the fashion and footwear company.
- KKR, which had teamed up with Sycamore Partners, was believed to be the only party vying to buy the whole company; it's not clear whether Sycamore will remain in the sale process.