Jones Apparel Group to change name to The Jones Group

New York City Jones Apparel Group announced Monday that it is changing its name to The Jones Group.

The name change, which will be effective at the end of October, will not affect the existing corporate structure of the company nor will it have any impact on the status of any of its brands or licensing agreements. The company's common shares will continue to trade on the New York Stock Exchange under its ticker symbol "JNY."

Said Wesley Card, CEO of the Jones Group: "This new name embraces Jones' heritage while signaling our vision for the future. Jones has never been better positioned to leverage our exceptional talent, best-in-class product expertise and innovative brand management across our apparel, footwear, jeanswear, jewelry and handbag divisions.”