Rafaella Apparel Group Files Form 10-Q; To Discuss Third Quarter Results on Wednesday, May 26, 2010

May 24, 2010

NEW YORK, May 24 /PRNewswire/ — Rafaella Apparel Group, Inc., an established wholesaler, designer, sourcer, marketer and distributor of a full line of women’s career and casual sportswear separates, today filed its Form 10-Q for the third quarter ended March 31, 2010.

Conference Call

The Company will conduct a conference call to discuss its third quarter results for the period ended March 31, 2010 on Wednesday, May 26, 2010 at 2:00 p.m. Eastern Time. Investors and analysts interested in participating in the call are invited to dial 877-941-2930, approximately ten minutes prior to the start of the call. A replay of this call will be available until June 2, 2010 and can be accessed by dialing 800-406-7325 and entering code 4309609.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements included in this press release that address activities, events or developments that Rafaella expects, believes or anticipates, will or may occur in the future are forward-looking statements. Forward-looking statements can be identified by such forward-looking terminology as “expects,” “intends,” “plans,” “anticipates,” “believes,” “seeks,” “estimates,” “will,” “may” and words or phrases of similar import. Although Rafaella believes any forward-looking statements are based on reasonable assumptions, there can be no assurance that these expectations will be attained. Actual results and timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including but not limited to (i) dependence on management, (ii) dependence on vendors and distributors, (iii) reliance on foreign manufacturers, (iv) industry trends, (v) merchandise and fashion trends, (vi) competition, seasonality, and (vii) macroeconomic conditions in general, and microeconomic conditions that impact the clothing industry in particular, including but not limited to consumer spending patterns, as well as other risks set forth in Rafaella’s Annual Report on Form 10-K for the fiscal year ending June 30, 2009, Quarterly Reports on Form 10-Q for the quarterly periods ending September 30, 2009, December 31, 2009 and March 31, 2010, and Current Reports on Form 8-K, in each case filed with the Securities and Exchange Commission. Rafaella does not undertake any obligation to update forward-looking statements.

    Contact Information:     Lance Arneson
                             Chief Financial Officer
                             (212) 403-0300

SOURCE Rafaella Apparel Group, Inc.

Source: newswire

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