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Rafaella Apparel Group, Inc. News

Rafaella Apparel Group to Host a Conference Call to Discuss Third Quarter Results on Friday, May 16, 2008

NEW YORK, May 7 PRNewswire-FirstCall — Rafaella Apparel Group, Inc., an established designer, sourcer and marketer of a full line of women's career and casual sportswear separates, will report results for the thirteen week period ended March 31, 2008 on May 15, 2008.

Conference Call

The Company also announced that it will conduct a conference call to discuss its third quarter results for the period ended March 31, 2008 on Friday, May 16, 2008 at 2:00 p.m. Eastern Time. Investors and analysts interested in participating in the call are invited to dial (800) 240-2430, approximately ten minutes prior to the start of the call. A replay of this call will be available until May 23, 2008 and can be accessed by dialing (800) 405-2236 and entering code 11114199#.

Forward Looking Statements

Certain matters discussed within this press release may constitute forward-looking statements within the meaning of the federal securities laws. Although Rafaella Apparel Group, Inc. believes the 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 dependence on management, dependence on vendors and distributors, reliance on foreign manufacturers, material weakness in our internal controls, industry trends, merchandise and fashion trends, competition, seasonality and changes in general economic conditions and consumer spending patterns, as well as other risks outlined from time to time in the filings of Rafaella Apparel Group, Inc. with the Securities and Exchange Commission.

For further information contact: Chad Spooner, Chief Financial Officer Rafaella Apparel Group, Inc. 1411 Broadway New York, New York 10018 (212) 403-0300

SOURCE Rafaella Apparel Group, Inc.

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