National: April 20, 2001
New York-based Jones New York has agreed to purchase McNaughton Apparel Group Inc. for $274 million in cash and stock; McNaughton produces moderately priced labels Norton McNaughton, Erika and Energie, which are sold at retailers including Sears, J.C. Penney and Kohl’s...Danskin launched a new line of dancewear called Troupe. The line includes 15 styles available in a choice of fabrics—nylon, poly microfiber and cotton/Lycra...The Council of Fashion Designers of America (CFDA) announced it will present special achievement awards to Moeuml;t Hennessy Louis Vuitton’s Bernard Arnault, designer Bob Mackie, Saks Fifth Avenue and Dawn Mello, a consultant and former president of Bergdorf Goodman at the New York organization’s American Fashion Awards event in June.
