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JONES APPAREL GROUP REGISTERS WITH SEC FOR PUBLIC OFFERING OF 3.5 MILLION SHARES OF COMMON STOCK

 JONES APPAREL GROUP REGISTERS WITH SEC FOR PUBLIC OFFERING OF
 3.5 MILLION SHARES OF COMMON STOCK
 NEW YORK, Aug. 18 /PRNewswire/ -- Jones Apparel Group, Inc. (NYSE: JNY) announced today that it filed a registration statement with the Securities and Exchange Commission covering a proposed offering of 3.5 million shares of common stock, which are to be offered by Sidney Kimmel, chairman, and The Sidney Kimmel Foundation, a charitable foundation. The offering is scheduled for mid- to late September through an underwriting syndicate managed by Merrill Lynch & Co.
 Jones Apparel Group, Inc. is a leader in the better women's sportswear, suit and dress businesses and sells under its flagship label Jones New York, as well as its Jones New York Sport, Jones(asterisk)Wear, Jones & Co., Saville, Rena Rowan for Saville, and Ellen Kaye labels and under the licensed names Christian Dior and jag.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. Written prospectuses may be obtained from Merrill Lynch & Co., World Financial Center, Preliminary Prospectus Department, New York, N.Y., 10281, 212-449-8415.
 /delval/
 -0- 8/18/92
 /CONTACT: Wesley R. Card, chief financial officer of Jones Apparel Group, 215-785-4000/
 (JNY) CO: Jones Apparel Group, Inc. ST: Pennsylvania IN: TEX SU: OFR


MP-LJ -- PH004 -- 0826 08/18/92 09:14 EDT
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Publication:PR Newswire
Date:Aug 18, 1992
Words:300
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