-
Report: KKR withdraws from Jones Group bidding
New York – Private equity firm KKR & Co. LP has reportedly dropped out of the auction for Jones Group Inc. According to Reuters, KKR, in partnership with private equity group Sycamore Partners LLP, was the only entity trying to buy the entire Jones Group company.
Bidding continues on parts of Jones Group and the company is soliciting new bids. It is not clear whether Sycamore Group will continue to bid on part or all of Jones Group and KKR, Sycamore Group and Jones Group did not comment in the article. -
LA Fitness to open fourth San Antonio location
Irvine, Calif. — LA Fitness has announced that it will open its fourth location in San Antonio. Construction of the 45,000-sq.-ft club will begin in the spring of 2014. LA Fitness has over 45 locations throughout Texas, concentrated in the Dallas/Fort Worth and Houston areas.
When complete, the new LA Fitness will create approximately 50 new full-time and part-time jobs.