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Kleinert's Announces Sale of Sleepwear Division

New York, NY - (Business Wire) - Kleinert's, Inc., a leading provider of branded and private label children's and infants' sleepwear and playwear, announced today that the U.S. Bankruptcy Court approved the sale of its sleepwear division to Russell-Newman, Inc. for $4.0 million. The sale is expected to close May 16, 2003.

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