NEW YORK — The family-owned Mitchells of Westport, long known for lavishing the country club set with intensive service, has embarked on a renovation so the ambiance befits the merchandise.

The project, which began in January and should be completed by the end of August, should cost between $4 million and $5 million, according to industry sources. It was triggered by growth in women’s ready-to-wear and accessories, and the philosophy that if the ladies are dropping hundreds of dollars or more on an updated outfit, and it pays to update the interiors too to encourage sales.

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