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Barneys to shut down two storesAs the impact of the global recession weighs in on wealthy Americans, high-end retailer Barneys New York, owned by Dubai's Istithmar World Capital, aims to close two of its seven department stores, said a report. The 85,000 square-foot sto More… |
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Istithmar buys 40pc stake in major spa firmDubai-based Istithmar World Capital (IWC) has acquired a 40 per cent share in ESPA International, a UK-based global luxury spa company offering total spa solutions. Espa offers a world-renowned spa design and management division, an extens More… |
