The Jones Group Inc. (ticker: JNY, exchange: New York Stock Exchange (.N))
News Release -
Jones Apparel Group, Inc. Announces Management Addition
NEW YORK, Oct. 30 -- Jones Apparel Group, Inc.
(NYSE: JNY) today announced that Ms. Jackie Corso will be joining Victoria +
Co Ltd., the Company's jewelry division, as Chief Executive Officer. In this
capacity, Ms. Corso will be responsible for developing the strategic vision
and overseeing the day-to-day management of this business consistent with the
Company's corporate goals and objectives. She will report to Rhonda Brown,
President and Chief Executive Officer, Footwear, Accessories and Retail Group.
Ms. Brown commented, "We are extremely pleased to welcome Jackie to our
management team as Chief Executive Officer of Victoria + Co. Jackie brings
with her over 25 years of branded industry experience, most recently serving
as an Executive Vice President and General Merchandise Manager for a division
of The Limited, Inc." Ms. Brown went on to say, "Jackie will begin working
for us as a part-time consultant on November 4, 2002 with her full-time
responsibilities beginning on November 25, 2002."
Jones Apparel Group, Inc. (www.jny.com), a Fortune 500 Company, is a
leading designer and marketer of branded apparel, footwear and accessories.
The Company's nationally recognized brands include: Jones New York; Lauren by
Ralph Lauren, Ralph by Ralph Lauren, and Polo Jeans Company, which are
licensed from Polo Ralph Lauren Corporation; Evan-Picone, Rena Rowan, Norton
McNaughton, Gloria Vanderbilt, Erika, l.e.i., Energie, Currants, Jamie Scott,
Todd Oldham, Nine West, Easy Spirit, Enzo Angiolini, Bandolino, Napier and
Judith Jack. The Company also markets costume jewelry under the Tommy
Hilfiger brand licensed from Tommy Hilfiger Corporation and the Givenchy brand
licensed from Givenchy Corporation, and footwear and accessories under the
ESPRIT brand licensed from Esprit Europe, B.V. Celebrating more than 30 years
of service, the Company has built a reputation for excellence in product
quality and value, and in operational execution.
Certain statements herein are "forward-looking statements" made pursuant
to the safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements represent the Company's expectations
or beliefs concerning future events that involve risks and uncertainties,
including the strength of the economy and the overall level of consumer
spending, the performance of the Company's products within the prevailing
retail environment, and other factors which are set forth in the Company's
2001 Form 10-K and in all filings with the SEC made by the Company subsequent
to the filing of the Form 10-K. The Company does not undertake to publicly
update or revise its forward-looking statements as a result of new
information, future events or otherwise.
Jones Apparel Group, Inc.