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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
June 12, 2000
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Jones Apparel Group, Inc.
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(Exact name of registrant as specified in its charter)
Pennsylvania 1-10746 06-0935166
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
250 Rittenhouse Circle, Bristol, Pennsylvania 19007
(Address of principal executive offices) (Zip Code)
(215) 785-4000
(Registrant's telephone number,
including area code)
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Item 5. Other Events
On June 12, 2000, the registrant issued a press release announcing that
it had signed a letter of intent on that date to purchase 100% of the
issued and outstanding capital stock of Victoria + CO LTD., a privately-
held corporation ("Victoria"). Victoria is a leading designer and marketer
of branded and private label costume jewelry. If the acquisition is
consummated, the purchase price payable to the stockholders of Victoria
would be payable in cash in the amount of $90 million less the amount of
Victoria's funded debt. The registrant would assume or refinance the
approximately $65 million of funded debt. In addition, the stockholders
of Victoria would be entitled to receive future payments in the form of
cash and common stock of the registrant, if certain earnings targets are
met in 2001, 2002 and 2003. A copy of the press release is filed herewith
as Exhibit 20.1.
Item 7. Exhibits
20.1 Press Release of the Registrant dated June 12, 2000.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
JONES APPAREL GROUP, INC.
(Registrant)
By: /s/ Wesley R. Card
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Wesley R. Card
Chief Financial Officer
Date: June 13, 2000
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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20.1 Press Release of the Registrant dated June 12, 2000
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