By and  on April 15, 2013

Shares of The Jones Group Inc. rose 5.9 percent Friday on word that activist investor Barington Capital had taken a stake in the firm and was pushing for it to sell off some smaller brands and tighten up operations.

The stock closed up 78 cents to $14.07 and climbed as high as $15.07 in midday trading. More than 4.7 million shares traded hands Friday, well ahead of the three-month average 742,789 shares.

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