The Jones Group Inc. (ticker: JNY, exchange: New York Stock Exchange (.N))
News Release -
Jones Apparel Group, Inc. Signs License Agreement with Echo Design Group for
Gloria Vanderbilt Scarves and Cold Weather Accessories
NEW YORK, April 10 /PRNewswire-FirstCall/ -- Jones Apparel Group, Inc.
(NYSE: JNY) today announced that it has signed an exclusive license agreement
with The Echo Design Group, Inc. which will manufacture and distribute women's
scarves, gloves and cold weather accessories under the Gloria Vanderbilt and
GLO brands to department stores, national chains, mass merchants, and
specialty retailers that carry Gloria Vanderbilt apparel. The collection will
be launched to the trade for Fall 2004 delivery in showrooms located at
10 East 40th Street, New York, New York.
Peter Boneparth, President and Chief Executive Officer of Jones Apparel
Group, Inc., stated, "We are pleased to enter into this agreement with Echo
Design Group for Gloria Vanderbilt scarves, gloves, and cold weather
accessories. This agreement complements the head-to-toe strategy currently
encompassing such items as denim, sportswear, footwear, handbags and licensed
outerwear products for our consumer."
Steven Roberts, Co-President, The Echo Design Group, Inc. stated, "The
Gloria Vanderbilt and GLO brands are bringing excitement and freshness to
their channels of distribution. Their customer clearly appreciates great
style and great value, qualities The Echo Design Group has always delivered.
We are very excited about our affiliation with Jones and our forthcoming
collection of Gloria Vanderbilt and GLO scarves, gloves and cold weather
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.
The Echo Design Group, Inc., currently celebrating its 80th year, is a
leader in the design, marketing and distribution of fashion and home
accessories under their own ECHO and Monsac brands, the licensed Polo, Ralph
Lauren, Lauren, Polo Jeans, Adrienne Vittadini, Laura Ashley and The Museum of
Natural History brands and is a leading custom resource for major retailers,
corporations and museums.
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
2002 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.
SOURCE Jones Apparel Group, Inc.