31 January 2015 (21:27 UTC-07 Tango 30 January 2015)/10 Rabi ‘ath-Thani 1436/11 Bahman 1393/12 Yi-Chou (12th month) 4712

The new owners of the women’s clothing chain Jones New York Outlet revealed they are busted and will shutdown all 127 stores across the United States and Canada!  They will end Jones New York wholesale operations as well.

Last year Jones New York Outlet was taken over by three years old vulture capitalist Sycamore Partners.  Amazingly the new owners claim they will see if they can find new markets for the name-brand: “We recognize that the Jones New York brand is important to many loyal customers, and we are pursuing strategic alternatives for the brand.”-Andrew Hede, Interim Chief Executive Officer