The Jones Group Inc. (ticker: JNY, exchange: New York Stock Exchange (.N))
News Release -
Webcast of Jones Apparel Group Conference Call
NEW YORK, June 3 /PRNewswire-FirstCall/ -- Jones Apparel Group, Inc.
(NYSE: JNY) issued two press releases today announcing its filing of a
$550 million breach of contract suit against Polo Ralph Lauren Corporation and
former Jones President, Jackwyn Nemerov, in respect of Jones' Lauren business,
and the launch of a Jones New York lifestyle brand into better department
store distribution for Spring 2004. Jones hosted a conference call to discuss
the contents of these releases at 1:30 p.m. EDT today. A rebroadcast of the
conference call is currently available and will remain available for at least
the next 30 days through a webcast at www.jny.com.
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
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.