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Article: KIMMEL STANDS BEHIND JONES.(Sidney Kimmel, chairman of Jones Apparel Group)
- Article from:
- WWD
- Article date:
- June 9, 2003
- Author:
CopyrightCOPYRIGHT 2003 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Would the legal mess between Jones Apparel Group and Polo Ralph Lauren have happened if Sidney Kimmel were still ceo of Jones? In a word, yes.
Although Kimmel, currently chairman of Jones, has had a close business relationship with Ralph Lauren, Kimmel told WWD he fully supported his company's move last week to file a $550 million breach of contract lawsuit against Polo and Jackwyn Nemerov, former president of Jones, over the Lauren by Ralph Lauren license.
In addition, Kimmel gave a vote of confidence to his handpicked successor, Peter Boneparth, chief executive officer of Jones, who replaced him in that role in May 2002.
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