By and  on June 15, 2006

NEW YORK — Jones Apparel Group is in play, although that doesn’t appear to be stopping the $5 billion apparel giant from courting new deals.

According to sources, Jones has been negotiating a deal with Vera Wang, possibly to produce a new line. Such a potential move is being viewed as a way for the group to enhance its value to prospective buyers and boost the bidding closer to Jones’ asking price of $35 to $38 a share.

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