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USA: Jones Apparel Secures New $700m Credit Line just-style.com | 12 Jun 03

Leading clothing producer Jones Apparel Group Inc on Wednesday said it had obtained a three-year $700 million credit line from a group of financial institutions. The New York-based firm, whose brands include Jones New York, Lauren by Ralph Lauren and Ralph by Ralph Lauren, said it will use the facility for working capital, letters of credit and general corporate purposes.


USA: Jones Files $550m Suit Against Polo In Licence Row just-style.com | 4 Jun 03

Clothing giant Jones Apparel Group Inc on Tuesday filed a massive $550 million lawsuit against Polo Ralph Lauren Corp after last-ditch talks to resolve a dispute over a lucrative women's clothing licence collapsed.


USA: Jones Apparel Q1 Revenues Climb 9.5% just-style.com | 29 Apr 03

Clothing maker and retailer Jones Apparel Group Inc on Tuesday reported a 9.5 per cent rise in first quarter revenues, boosted by its acquisitions of Gloria Vanderbilt and l.e.i.


USA: Echo Design To Make Gloria Vanderbilt Accessories just-style.com | 10 Apr 03

Jones Apparel Group Inc has signed an exclusive license agreement with The Echo Design Group Inc for the manufacture and distribution of Gloria Vanderbilt scarves and cold weather accessories.


USA: Jones Apparel May Buy Tommy Hilfiger - WSJ just-style.com | 27 Mar 03

Clothing giant Jones Apparel Group Inc has held talks with Tommy Hilfiger Corp with a view to buying the famous fashion label, although no deal is imminent The Wall Street Journal reported on Thursday. The paper, quoting people familiar with the matter, said the two chief executives have held informal talks over a possible deal.


USA: Jones Apparel, Amerex Sign Gloria Vanderbilt Deal just-style.com | 18 Mar 03

Clothing giant Jones Apparel Group Inc on Monday signed an exclusive licensing agreement for the production and distribution of women's wool coats, rainwear and outerwear under the Gloria Vanderbilt and GLO brands.


USA: Jones In Talks Over CK Women's Sportswear Line - Paper just-style.com | 5 Mar 03

Clothing giant Jones Apparel Group Inc has held talks with Phillips-Van Heusen Corp over plans to license a new Calvin Klein women's sportswear line, the Wall Street Journal reported on Wednesday.


USA: Jones Apparel Says Q4 Earnings Up, Sees Solid 2003 just-style.com | 6 Feb 03

Clothing firm Jones Apparel Group Inc on Wednesday reported a sharp rise in fourth quarter earnings as it was boosted by acquisitions and its diverse brand portfolio in a weak retail environment.


USA: Jones Apparel, Polo Dispute Could Lead To Licence Loss just-style.com | 5 Feb 03

Clothing giant Jones Apparel Group Inc on Tuesday claimed Polo Ralph Lauren Corp is threatening to end their Lauren licensing deal at the end of this year if a separate licence agreement also ends. The New York-based company said in a press release talks between both parties have been held for several weeks as its licence to sell Ralph-branded clothing, which generated $37 million in sales last year, will expire at the end of 2003.


USA: Jones Apparel Axes Mexico Factory, Jobs just-style.com | 16 Jan 03

Clothing giant Jones Apparel Group Inc on Thursday revealed plans to axe some of its facilities and an unspecified number of jobs and convert some of its Enzo Angiolini shoe stores to its Bandolino brand. The New York-based firm said it would report a fourth quarter charge of $25.5 million for the reorganisation which includes the closure of its Sun Apparel factory in Torreon, Mexico, and warehousing and administrative facilities in El Paso, Texas.


USA: Warren Buffett Cuts Jones Apparel Stake To 1.9% just-style.com | 13 Nov 02

Investor Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc, has reduced his stake in women's apparel and footwear firm Jones Apparel Group Inc from 6.9 per cent to 1.9 per cent.


USA: Jones Apparel Reveals Denim Appointments just-style.com | 7 Nov 02

Clothing giant Jones Apparel Group Inc on Thursday announced the appointment of Tami Fersko to CFO, Denim-Based Collection business. The New York-based company said Ms Fersko will have financial oversight for the denim-based collection businesses, comprised of Polo Jeans Company, lei, and Sun Apparel.


USA: Jones Apparel Enjoys Solid Q3 Growth just-style.com | 31 Oct 02

Leading clothing company Jones Apparel Group Inc on Thursday posted a sharp rise in third quarter earnings on the back of higher sales, low inventories and tight cost controls. The owner of brands including Nine West, Jones New York and lei jeans said earnings per share under generally accepted accounting principles for the quarter rose to 95 cents from 41 cents in the year-ago period.


USA: Jones Apparel Reveals Key Financial Appointment just-style.com | 17 Oct 02

Clothing giant Jones Apparel Group Inc on Wednesday revealed the appointment of Gloria DiPuma to the position of CFO - footwear, accessories and retail group. The New York-based company said in a statement Ms DiPuma will now oversee the financial operation for the wholesale footwear and accessories businesses and the Nine West Retail Group.


USA: Jones Apparel, Carole Hochman Agree Sleepwear Deal just-style.com | 27 Sep 02

Clothing giant Jones Apparel Group Inc has agreed a sub-licensing deal with Carole Hochman Designs Inc to produce women's sleepwear under the Lauren Ralph Lauren brand.


USA: Jones Completes $309m Lei Acquisition just-style.com | 19 Aug 02

US clothing giant Jones Apparel Group Inc has completed its purchase of the maker of lei jeans for $309 million as it looks to strengthen its hand in the lucrative and fast-growing teen clothing market.


USA: Jones Apparel Enjoys Solid Q2 Growth just-style.com | 31 Jul 02

Clothing giant and chain Jones Apparel Group Inc on Wednesday posted better-than-expected second quarter results and raised its full-year earnings forecast on solid sales of most of its apparel businesses.

The New York-based company, whose brands include Jones New York, Nine West and lel jeans, said in a statement net income for the quarter jumped to $66.5 million, or 49 cents per share, from $55.4m, or 43 cents per share, in 2001.


USA: Jones Apparel Agrees Esprit Licensing Deal just-style.com | 24 Jul 02

Clothing giant Jones Apparel Group Inc announced on Tuesday it had completed its letter of intent to enter a five-year licensing agreement with a unit of Hong Kong's Esprit Holdings Ltd.

The New York-based company said in a statement that the deal for Esprit women's and young women's footwear, handbags and small leather goods would allow its Nine West Group to distribute those items to department stores and retailers in the US and Puerto Rico.


USA: Jones Apparel Agrees To Buy Lei For $385m just-style.com | 10 Jul 02

US clothing giant Jones Apparel Group Inc is to acquire the producer of lei jeans for $385 million as it looks to strengthen its hand in the fast-growing teen clothing market, it announced on Wednesday.

The deal for RSV Sport Inc and its related companies, lei, includes one million shares of Jones stock, valued at $37.5m, and $272.5m in cash, the New York-based firm revealed in a news release.


INDIA: Jones Apparel And HCL In Software Tie-Up just-style.com | 26 Jun 02

HCL Technologies, India's No 5 software maker, today announced it has formed a software joint venture with the US's Jones Apparel Group Inc. The collaboration will give HCL better market access and a strong competitive advantage.


USA: Nine West To Design Gloria Vanderbilt Footwear just-style.com | 24 Jun 02

Nine West, a subsidiary of Jones Apparel Group Inc, is to design and market Gloria Vanderbilt branded women's and girls' footwear. This product line was previously marketed under a licensing arrangement when Jones acquired the Gloria Vanderbilt trademark earlier this year.


USA: Jones Names Moderate Apparel SVP, CFO just-style.com | 11 Jun 02

Leading designer and marketer of branded clothing and footwear, Jones Apparel Group Inc, on Tuesday announced the appointment of Amanda Bokman to SVP and CFO - moderate apparel division. The company said Ms Bokman will now assume financial responsibility for all of the moderate businesses which form its moderate apparel segment, including Norton McNaughton, Erika, Energie, Gloria Vanderbilt, Evan-Picone, Nine and Company, and Joneswear.


USA: Jones Apparel Makes Key Appointments just-style.com | 5 Jun 02

US clothing giant Jones Apparel Group Inc has announced a number of key promotions as it looks to strengthen its management team. The firm, whose brands include Jones New York, Lauren by Ralph Lauren, Ralph by Ralph Lauren, and Polo Jeans Company, has appointed Anita Britt to the role of EVP of finance.


USA: Jones Apparel Suffers Slide In Q1 Earnings just-style.com | 30 Apr 02

Clothing maker and retailer Jones Apparel Group Inc on Tuesday posted a 34 per cent year-on-year plunge in first-quarter earnings amid disappointing sales dropped and an accounting change. The New York-based company, whose brands include Jones New York and Nine West, said its net income fell to $70.7m, or 53 cents per diluted share, compared with $107.9m, or 84 cents per share, in 2001.


US: Jones Apparel CEO Scoops $2.5m Bonus just-style.com | 17 Apr 02

The chairman and chief executive officer of Jones Apparel Group Inc scooped a $2.5 million bonus in 2001 - up 85 per cent from his bonus in the previous year. According to papers filed with the Securities and Exchange Commission, Sidney Kimmel received a salary of $1.2m in 2001, up nine per cent from his salary of $1.1m in 2000.


USA: Jones Apparel Completes Gloria Vanderbilt Deal just-style.com | 10 Apr 02

Clothing giant Jones Apparel Group Inc said yesterday it has completed its acquisition of moderately-priced jeans firm Gloria Vanderbilt Apparel Corp. The deal, which includes $80m in cash and $20m in common stock, will boost Jones Apparel's share of the moderately priced stretch and twill jeans market.


USA: Jones Apparel Sees Q1 Results Above Estimates just-style.com | 4 Apr 02

Clothing and footwear giant Jones Apparel Group Inc issued a statement yesterday saying it expects first-quarter operating earnings to beat its earlier forecast. The firm, which owns brands including Jones New York and Nine West, revealed it sees earnings - before charges of 24 cents per share - to exceed its previous forecast of 62-64 cents a share.


USA: Jones Apparel Mulls Store Closures, Job Cuts just-style.com | 28 Mar 02

Women's shoe and clothing retailer Jones Apparel Group Inc says it may close 30-40 under-performing stores this year, with the loss of around 240 jobs. It also plans to open 15-20 new retail locations in 2002. The company's intention is outlined in a filing with the Securities and Exchange Commission and is attributed to "our ongoing evaluation of our retail operations."


USA: Jones Apparel Snaps Up Gloria Vanderbilt just-style.com | 20 Mar 02

Clothing giant Jones Apparel Group Inc announced on Tuesday it has agreed a deal to buy moderately-priced jeans firm Gloria Vanderbilt Apparel Corp for $100 million. The deal, which includes $80m in cash and $20m in common stock, will boost Jones Apparel's share of the moderately priced stretch and twill jeans market.


USA: Nine West "Price-Fixing" Payout To Help Abuse Victims just-style.com | 7 Mar 02

Officials in Louisiana on Thursday said the state's share of a $34 million settlement from women's shoe supplier Nine West Group Inc would be given to domestic-abuse and sexual-assault counselling programs. The $511,000 windfall comes after legal chiefs in every US state and the Federal Trade Commission filed a lawsuit claiming the shoe firm "artificially propped up the prices of Nine West products and restricted competition in violation of the law".

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