On February 4, 2010, Jones Apparel Group, Inc. announced that it has acquired Moda Nicola International, LLC (“MNI”), owner of the Robert Rodriguez Collection, a privately held designer, marketer and wholesaler of women’s contemporary eveningwear and sportswear. Cravath is representing Jones Apparel Group in this transaction. Under the terms of the agreement, Jones made initial cash payments to the selling members of MNI, who are entitled to receive future cash payments upon achievement of certain financial targets set within the agreement.
The Cravath team includes partners Thomas E. Dunn and George F. Schoen and associates Brittain A. Rogers and Merritt S. Johnson on corporate matters; partner Eric W. Hilfers and associate Lori Diamond Goodman on executive compensation and benefits matters; partner Andrew W. Needham and associates J. Leonard Teti II and Sonia Rodriguez Garcia on tax matters; and associate Annmarie M. Terraciano on environmental matters. Kenneth S. Gerold and Kevin E. Manz also worked on corporate matters and executive compensation and benefits matters, respectively.