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Anne Klein New York, a division of Jones Apparel Group, Inc. (NYSE: JNY) has announced a special partnership with The Breast Cancer Research Foundation (BCRF) and Neiman Marcus in an effort to help raise awareness and funds for breast cancer research. The company has designed a classic pink cashmere sweater that will be sold exclusively at all Anne Klein New York and Neiman Marcus locations nationwide, neimanmarcus.com and Neiman Marcus by Mail. The limited edition sweater, with signature gold "lioness" buttons, will retail for $295, and will feature a special hangtag incorporating the BCRF logo. Anne Klein New York has pledged a minimum donation of $25,000 to the BCRF. "This is a wonderful partnership opportunity. The world lost a great fashion leader when breast cancer claimed the life of Anne Klein. We can't think of a more fitting tribute to her lasting legacy than making a significant contribution to the ongoing fight against the disease," stated Eileen McMaster, Vice President Corporate Communications, Anne Klein New York. Evelyn Lauder, founder and chairman of BCRF and Senior Corporate Vice President of the Estee Lauder Companies, will host two events with Anne Klein New York to launch her new book, In Great Taste: Fresh, Simple Recipes for Eating and Living Well. All of Evelyn Lauder's royalties from the sale of this book will be donated to The Breast Cancer Research Foundation. A book signing and appearance by Mrs. Lauder will take place October 12th at the Neiman Marcus Mazza Galleria store in Washington, DC, and an October 17th reception is scheduled for the new Anne Klein New York store, expected to open on September 8, 2006 on Madison Avenue in New York City. The Madison Avenue event will be sponsored by Town & Country magazine. The Anne Klein New York Pink Cashmere Sweater is worn by supermodel Carolyn Murphy in special public service advertisements slated to run in the October 2006 issues of Women's Health, Harper's Bazaar, Town & Country and Elle magazines. Jones Apparel Group, Inc. (http://www.jny.com), a Fortune 500 company, is a leading designer, marketer and wholesaler of branded apparel, footwear and accessories. The Company also markets directly to consumers through our chain of specialty retail and value-based stores, and operates the Barneys New York chain of luxury stores. The Company's nationally recognized brands include Jones New York, Evan-Picone, Norton McNaughton, Gloria Vanderbilt, Erika, l.e.i., Energie, Nine West, Easy Spirit, Enzo Angiolini, Bandolino, Joan & David, Mootsies Tootsies, Sam & Libby, Napier, Judith Jack, Kasper, Anne Klein, Albert Nipon, Le Suit and Barneys New York. The Company also markets costume jewelry under the Givenchy brand licensed from Givenchy Corporation and footwear under the Dockers Women brand licensed from Levi Strauss & Co. Each brand is differentiated by its own distinctive styling, pricing strategy, distribution channel and target consumer. The Company primarily contracts for the manufacture of its products through a worldwide network of quality manufacturers. The Company has capitalized on its nationally known brand names by entering into various licenses for several of its trademarks, including Jones New York, Evan-Picone, Anne Klein New York, Nine West, Gloria Vanderbilt and l.e.i., with select manufacturers of women's and men's products which the Company does not manufacture. For more than 30 years, the Company has built a reputation for excellence in product quality and value, and in operational execution. Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding the Company's expected financial position, business and financing plans are forward-looking statements. The words "believes," "expect," "plans," "intends," "anticipates" and similar expressions identify forward-looking statements. Forward-looking statements also include representations of the Company's expectations or beliefs concerning future events that involves risks and uncertainties, including: -- those associated with the effect of national and regional economic conditions; -- lowered levels of consumer spending resulting from a general economic downturn or lower levels of consumer confidence; -- the performance of the Company's products within the prevailing retail environment; -- customer acceptance of both new designs and newly introduced product lines; -- the Company's reliance on a few department store groups for large portions of the Company's business; -- consolidation of the Company's retail customers; -- financial difficulties encountered by customers; -- the effects of vigorous competition in the markets in which the Company operates; -- the Company's ability to identify acquisition candidates and, in an increasingly competitive environment for such acquisitions, acquire such businesses on reasonable financial and other terms; -- the integration of the organizations and operations of any acquired businesses into the Company's existing organization and operations; -- the Company's reliance on independent foreign manufacturers; -- changes in the costs of raw materials, labor, advertising and transportation; -- the general inability to obtain higher wholesale prices for the Company's products that the Company has experienced for many years; -- the uncertainties of sourcing associated with the new environment in which general quota has expired on apparel products (while China has agreed to safeguard quota on certain classes of apparel products through 2008, political pressure will likely continue for restraint on importation of apparel); -- the Company's ability to successfully implement new operational and financial computer systems; and -- the Company's ability to secure and protect trademarks and other intellectual property rights. A further description of these risks and uncertainties and other important factors that could cause actual results to differ materially from the Company's expectations can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2005, including, but not limited to, the Statement Regarding Forward-Looking Disclosure and Item 1A - Risk Factors therein, and in the Company's other filings with the Securities and Exchange Commission. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such expectations may prove to be incorrect. 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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Jones Apparel Group, Inc. www.jny.com
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