Deal Detail

Maxwell Shoe Company Inc. to The Jones Group Inc.

EV / LTM EBITDA

8.0x

EV / LTM Sales

Enterprise Value

Primary Source

Fairness Opinion

Comparable Transactions

Luxury & Apparel transactions announced in the five years to June 2004. 5 with a disclosed multiple.

Date	Target	Acquiror	Enterprise Value	EV/Sales	EV/EBITDA	Type
Apr 2004	Harry Winston Inc. (51% stake)	Aber Diamond Corporation	-	-	10.5x	Strategic
Apr 2004	Vans, Inc.	VF Corporation	-	-	15.2x	Strategic
Jul 2003	Nautica Enterprises Inc.	V.F. Corporation	-	-	6.2x	Strategic
Aug 2000	Piercing Pagoda, Inc.	Zale	-	-	6.2x	Strategic
Jan 2000	Marks & Morgan Jewelers, Inc.	Signet Group PLC	-	-	8.1x	Strategic
	Mean			-	9.2x
	Median			-	8.1x

Source-specific multiples and notes for this transaction.

Comp	Primary?	Source Type	Source	Source Advisor	Source Year	EV (USD)	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
	Primary	Fairness Opinion	JNY FO	Citi	2014	-	-	8.0x	-	-	Open