Jones Apparel Group has acquired an additional 15% interest in GRI Group for $15 million, increasing its ownership interest in GRI to 25%.

GRI Group is the exclusive licensee of several of Jones' brands in Asia, including Nine West, Anne Klein New York, AK Anne Klein, Easy Spirit, Enzo Angiolini and Joan & David. In addition to these Jones brands, GRI Group also distributes a series of well known ladies apparel, shoes and accessory brands such as Pringle of Scotland, EQ:IQ, Francesco Biasia, Steve Madden, Lucky Brand Jeans, and others.

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