NEW YORK — Although it seems inevitable that Jones Apparel Group will lose the Lauren by Ralph Lauren and Ralph licenses, it’s not a fait accompli yet.

A published report Friday in the New York Post said Polo and Jones had split, but the reality is they’re still in discussions and haven’t reached any conclusions. As reported in these columns for two months, it is generally believed the licenses are headed back to Polo, when the Ralph license expires in December 2003.

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