The Jones Group, which partnered with the designer Brian Atwood in 2010, is buying a majority stake in his company for an undisclosed amount. The deal benefits both parties: Jones Group will expand its presence in the luxury footwear market, and Atwood will have more resources to expand his label. The two are planning to form a joint venture that will own the intellectual property rights of the Brian Atwood brand as well as existing licenses. Atwood still retains a stake in his own company. Atwood recently said he plans to open a store on Madison Avenue in New York, and hinted at more retail locations to come.

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