Jones Apparel Sells Denim Brand to Polo Ralph Lauren
Bristol, Pa., Jones Apparel Group has agreed to sell its Polo Jeans Jeans Co. business to Polo Ralph Lauren Corp. for about $355 million in cash. The deal is expected to close in early February.
Barnes & Noble Appoints Director
New York City, Barnes & Noble appointed William F. Reilly to its board of directors. Reilly has been CEO of Aurelian Communications, a special-interest publisher, since he founded it in February 2002. He served as chairman and CEO of Primedia Inc., a specialty media company, from February 1990 to 1999. He also served as a member of the board of directors of Barnes & Noble.com from 1999 to 2004.
SEC Puts Ingles on Notice
Asheville, N.C., Supermarket chain Ingles Markets Inc. was put on notice by the U.S. Securities and Exchange Commission that the commission will recommend civil action against the company. In a statement, Ingles said the SEC’s Wells notice relates to vendor contracts the company entered into in 2002 and 2003 and internal accounting control issues that have been previously disclosed.