Polo, the $2.3 billion company, said in its annual report for the year ended March 30, 2002, that its various licenses with Jones, including jeanswear, were responsible for about $65 million in royalties, about 26.9 percent of its corporate licensing revenue.
"We don’t comment on any ongoing business discussions," said a Polo spokeswoman. Wesley R. Card, chief operating and financial officer of Jones, said, "We don’t comment on any aspect of the transaction." He said there was no deadline to resolve the problem. "We have no comment on how the discussions are going," said Card.
Bruce Klatsky, chairman of Phillips-Van Heusen, which is talking to several companies about doing a CK Calvin Klein better sportswear line, said no deal has been reached yet, and he’s still in discussions with various companies. "It’s starting to come together and we’re happy with where we are."