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Jones Apparel Close to Selling Barneys: NYT

CNBC.com
Friday, 22 Jun 2007 | 2:08 AM ET

Jones Apparel Group is close to selling high-fashion chain Barneys New York to a Dubai government investment arm, The New York Times reported.

People familiar with the deal said the sale was worth $825 million, the report stated.

A deal is expected to be announced on Friday.


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