Kravis pushing to buy Jones Group

Henry Kravis has developed a shoe fetish, and he's looking to fill his closet pronto.

The New York billionaire's buyout firm, KKR, is pushing, along with a partner to cut a deal as soon as this week to buy Jones Group, the Seventh Avenue stronghold that owns labels like Stuart Weitzman, Nine West and Anne Klein, The Post has learned.

That would mean putting a quick end to an auction being run by Citigroup that has attracted bids from several buyout shops looking to divvy up the company, including Leonard Green & Partners, Sun Capital and Golden Gate Capital, sources said.

"The goal is to have it wrapped up before the deadline" for second-round bids, according to a source close to the process, noting that the deadline is this week.

The size of KKR's bid, being made jointly with the buyout firm Sycamore Partners, couldn't immediately be learned. Investors have speculated that Jones could fetch between $17 and $18 a share.

Jones shares Monday lost 52 cents, or 3.2 percent, to close at $15.68, giving the company a market value of $1.15 billion.

Representatives for KKR and Sycamore declined to comment.

KKR covets Jones's fast-growing footwear brands, including Kurt Geiger and Brian Atwood, according to insiders briefed on the auction.

Sycamore is circling Jones's aging women's-apparel brands, including Anne Klein, Gloria Vanderbilt and l.e.i., sources said.

"KKR basically wants the good stuff, and Sycamore wants the not-so-good stuff," according to one banking source.

Sycamore, whose co-founder Stefan Kaluzny has lately cut deals to buy struggling retailers Hot Topic and Talbots, also owns Mast Global, a women's apparel manufacturer formerly owned by Limited Brands.

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