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COPYRIGHT 2001 Daily News
Byline: Nancy Dillon
Apr. 17--Looking to gain a foothold at mid-price stores such as Kohl's, Mervyn's and J.C. Penney, retail powerhouse Jones Apparel has agreed to pay $572 million for McNaughton, maker of popular teen brands Energie and Currants.
Jones Apparel, known for its Jones New York business clothing and Nine West shoe stores, already is a dominant player in the "better" women's clothing category, analysts said. To keep growth on track, it's...
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