Jones Apparel Group, Inc. Acquires Judith Jack

Apr 26, 2001, 01:00 ET from Jones Apparel Group, Inc.

    NEW YORK, April 26 /PRNewswire/ -- Jones Apparel Group, Inc. (NYSE:   JNY)
 today announced that it has acquired Judith Jack, a manufacturer and
 distributor of women's jewelry, including marcasite and sterling silver
 products.  Judith Jack distributes products principally under the Judith Jack
 brand name to better department stores and specialty retailers, including
 Neiman Marcus and Saks Fifth Avenue.
     Sidney Kimmel, Chairman, commented, "The acquisition of Judith Jack adds
 one of the premier designer brand names in the jewelry industry to our
 existing brand portfolio.  We are extremely pleased with the results to date
 of our Victoria + CO business, which we acquired in July 2000.  Robert
 Andreoli, the Chairman of Victoria, and his team have built a superior
 operation and have established themselves as a leader in the industry."
     Patricia Stensrud, Vice Chairman and Chief Executive Officer, Victoria +
 CO, added, "The design and craftsmanship which characterize Judith Jack
 products have created a unique market position for this designer brand,
 enabling expansion of its signature sterling and marcasite designs well beyond
 jewelry into other fashion accessory categories such as watches, belts and
 handbags.  As a leading luxury resource in the bridge market, Judith Jack will
 expand the reach of Victoria + CO into new market segments for incremental
 growth."
     Wesley Card, Chief Financial Officer, stated, "Judith Jack will operate as
 a division of Victoria + CO, our existing jewelry company.  Judith Jack had
 net sales of $22 million for the twelve months ended December 31, 2000.  This
 acquisition is part of our strategy to build critical mass within this core
 competency, using the outstanding management team and operating base of
 Victoria + CO."
 
     Jones Apparel Group, Inc. (www.jny.com) 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, Todd Oldham, Nine West, Easy
 Spirit, Enzo Angiolini, Bandolino and Napier.  The Company also markets
 costume jewelry under the Tommy Hilfiger brand licensed from Tommy Hilfiger
 Corporation, and the Givenchy brand licensed from Givenchy Corporation.
 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
 2000 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.
 
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SOURCE Jones Apparel Group, Inc.
    NEW YORK, April 26 /PRNewswire/ -- Jones Apparel Group, Inc. (NYSE:   JNY)
 today announced that it has acquired Judith Jack, a manufacturer and
 distributor of women's jewelry, including marcasite and sterling silver
 products.  Judith Jack distributes products principally under the Judith Jack
 brand name to better department stores and specialty retailers, including
 Neiman Marcus and Saks Fifth Avenue.
     Sidney Kimmel, Chairman, commented, "The acquisition of Judith Jack adds
 one of the premier designer brand names in the jewelry industry to our
 existing brand portfolio.  We are extremely pleased with the results to date
 of our Victoria + CO business, which we acquired in July 2000.  Robert
 Andreoli, the Chairman of Victoria, and his team have built a superior
 operation and have established themselves as a leader in the industry."
     Patricia Stensrud, Vice Chairman and Chief Executive Officer, Victoria +
 CO, added, "The design and craftsmanship which characterize Judith Jack
 products have created a unique market position for this designer brand,
 enabling expansion of its signature sterling and marcasite designs well beyond
 jewelry into other fashion accessory categories such as watches, belts and
 handbags.  As a leading luxury resource in the bridge market, Judith Jack will
 expand the reach of Victoria + CO into new market segments for incremental
 growth."
     Wesley Card, Chief Financial Officer, stated, "Judith Jack will operate as
 a division of Victoria + CO, our existing jewelry company.  Judith Jack had
 net sales of $22 million for the twelve months ended December 31, 2000.  This
 acquisition is part of our strategy to build critical mass within this core
 competency, using the outstanding management team and operating base of
 Victoria + CO."
 
     Jones Apparel Group, Inc. (www.jny.com) 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, Todd Oldham, Nine West, Easy
 Spirit, Enzo Angiolini, Bandolino and Napier.  The Company also markets
 costume jewelry under the Tommy Hilfiger brand licensed from Tommy Hilfiger
 Corporation, and the Givenchy brand licensed from Givenchy Corporation.
 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
 2000 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.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X01674337
 
 SOURCE  Jones Apparel Group, Inc.