the eponymous company that weitzman founded has changed hands a number of times. jones apparel group purchased a majority stake in the company in 2010 and later bought the remaining 45 percent of shares retained by weitzman in 2012. in january 2015, sycamore partners llc (the private equity fund that owns jones apparel group) agreed to sell the company to coach, the luxury fashion house, for $574 million. as part of the deal, weitzman stayed on as a shoe designer for the company.