Jones Apparel Acquires McNaughton Apparel for $575M

Jones Apparel Group Inc. completed its $575 million acquisition of McNaughton Apparel Group Inc. on June 19, 2001. Jones Apparel is a leading designer and marketer of branded apparel, footwear and accessories. McNaughton Apparel is a designer, marketer and distributor of women’s and juniors’ career and casual clothing.

Merrill Lynch advised McNaughton Apparel. The Torys team that acted for McNaughton Apparel included Brad Cost, Peter Keenan, Carl Walker and Natascha Feenstra. Delaware counsel was William J. Haubert of Richards, Layton & Finger P.A. Representing Jones Apparel was Ira M. Dansky, General Counsel and Secretary, as well as Allen Finkelson, Scott A. Barshay, Sarkis Jebejian and Tatiana Lapushchik of Cravath, Swaine & Moore.


Allen Finkelson Peter Keenan Sarkis Jebejian Bradley P. Cost Scott A. Barshay Tatiana Lapushchik V. Carl Walker William. J Haubert


Torys LLP Richards, Layton & Finger Cravath, Swaine & Moore LLP