The chairman and chief executive of the Jones Apparel Group Inc, Sidney Kimmel, has filed to sell 575,000 common shares of the company.

The women's apparel and footwear designers filed a Form 144 allowing the sale of restricted stock without a commitment to sell, listing the approximate sale date as December 26, and valuing the shares around $17.5m.

Goldman Sachs & Co has been appointed broker of the sale.