Ralph v. Jones: The Gloves Are Off
NEW YORK — The battle between Jones Apparel Group and Polo Ralph Lauren Corp. got even nastier on Tuesday.
To the apparent surprise of Lauren executives, Jones walked away from the contested Lauren by Ralph Lauren license and filed a breach of contract suit against the Lauren company as well as former Jones president Jackwyn Nemerov, seeking $ million, representing lost profits from sales, and punitive damages to be determined.
Polo immediately returned fire, filing its own lawsuit separate from any counter-claims it may have arising from allegations in the Jones suit. The Polo lawsuit seeks a declaration from the court that, as it has asserted, the Lauren license rightfully ends on Dec. 31, , and reverts to Polo the next day due to the terms of a separate “cross-default agreement” executed by the parties.
The stage is set for one of the fashion industry’s juiciest legal battles, right up there with Warnaco versus Calvin Klein and LVMH Moët Hennessy’s skirmish with Gucci Group.
Surprisingly, Jones and Lauren initially appeared headed toward a peaceful resolution of their four-month dispute over the
NEMEROV JACKWYN
Contact information is taken directly from publicly disclosed SEC filings.
NEMEROV JACKWYNC/O POLO RALPH LAUREN CORPORATION
NEW YORKNY
Business Phone:
SEC SIC CODE:
MEN'S & BOYS' FURNISHGS, WORK CLOTHG, & ALLIED GARMENTS
| Filing | Date |
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| 4 | |
| 4 | |
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| 4 | |
| 4 |
TJX Companies Management
Management criteria checks 3/4
TJX Companies' CEO is Ernie Herrman, appointed in Jan , has a tenure of years. total yearly compensation is $M, comprised of % salary and % bonuses, including company stock and options. directly owns % of the company’s shares, worth $M. The average tenure of the management team and the board of directors is years and years respectively.
Key information
Ernie Herrman
Chief executive officer
US$m
Total compensation
| CEO salary percentage | % |
| CEO tenure | yrs |
| CEO ownership | % |
| Management average tenure | yrs |
| Board average tenure | yrs |
Recent management updates
Recent updates
Subdued Growth No Barrier To The TJX Companies, Inc.'s (NYSE:TJX) Price
Mar 21TJX Companies (NYSE:TJX) Might Become A Compounding Machine
Feb 16TJX Companies (NYSE:TJX) Seems To Use Debt Quite Sensibly
Feb 04The TJX Companies: Capital Efficiency And Defensive Earnings Come At A Price
Feb 03Estimating The Fair Value Of The TJX Companies, Inc. (NYSE:TJX)
Jan 23Is Now An Opportune Moment To Examine The TJX Companies, Inc. (NYSE:TJX)?
Dec 30Some Confidence Is La
Jackwyn Nemerov to Receive $M as Part of Severance
Ralph Lauren Corp. will pay Jackwyn Nemerov at least $ million as part of her severance agreement.
In a regulatory filing with the Securities and Exchange Commission on Friday, or Form 8-K, the apparel firm will pay Nemerov $ million, or the equivalent of 72 weeks of her annual base salary, paid as a continuation of salary. In addition, she receives a $3 million lump sum payment, or percent of her annual base salary, payable at the end of her salary continuation period.
The agreement, signed on Wednesday, provides that she will vest in all unvested stock options as of the date of termination and will have one year from the termination date to exercise the stock options. Nemerov also vests in all performance-based equity awards based on the firm&#;s actual performance on the dates those were scheduled to vest, the filing said.
Further, Nemerov is obligated to provide certain transition services. She also agreed to certain confidentiality, non-compete, non-disparagement and non-solicitation provisions. In addition, she was required to agree to a general release of claims against the company.
Late last month, the com
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Jackwyn Nemerov to Receive $M as Part of Severance
Ralph Lauren Corp. will pay Jackwyn Nemerov at least $ million as part of her severance agreement.
In a regulatory filing with the Securities and Exchange Commission on Friday, or Form 8-K, the apparel firm will pay Nemerov $ million, or the equivalent of 72 weeks of her annual base salary, paid as a continuation of salary. In addition, she receives a $3 million lump sum payment, or percent of her annual base salary, payable at the end of her salary continuation period.
The agreement, signed on Wednesday, provides that she will vest in all unvested stock options as of the date of termination and will have one year from the termination date to exercise the stock options. Nemerov also vests in all performance-based equity awards based on the firm&#;s actual performance on the dates those were scheduled to vest, the filing said.
Further, Nemerov is obligated to provide certain transition services. She also agreed to certain confidentiality, non-compete, non-disparagement and non-solicitation provisions. In addition, she was required to agree to a general release of claims against the company.
Late last month, the com
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Adhish khanna biography examples Adhish Khanna. Actor: CLASS of Adhish Khanna is known for CLASS of () and Guilty ().Missing: examples.
Liam payne autobiography examples Explore the timeline of Liam Payne, from his early beginnings on 'The X Factor' to becoming a member of the globally successful band One Direction, and his solo career Missing: examples.
Demetrio carceller arce biography examples Demetrio Carceller Arce (Madrid, ) és un empresari català, president de la petroliera Disa i l'empresa d'alimentació Damm. [1] És net de l'empresari i ministre franquista Demetrio Missing: examples.
Rawson marshall thurber biography examples Rawson Marshall Thurber, born on February 9, , in San Francisco, California, is a distinguished American filmmaker and actor. He has garnered acclaim for his adeptness in Missing: examples.
Raghunath mashelkar biography in marathi recipes Raghunath Anant Mashelkar (Marathi: रघुनाथ अनंत माशेलकर, born January 1, in Mashel, Goa), had a difficult childhood and his mother could not support his college .
Ray kroc biography restaurant Raymond Albert Kroc, born on October 5, , in Oak Park, Illinois, was an American entrepreneur who transformed McDonald’s from a small-scale restaurant into the .