Wednesday 6 November 2024
 
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Jones Apparel Group

Istithmar to buy Barneys for $825m

Jones Apparel Group said it had agreed to sell Barneys New York, the luxury department store chain, for $825 million to a Dubai-based private equity firm while considering other offers for the chain or entire company. Under the agreement w

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Jones Apparel near $950m Barneys deal

Jones Apparel Group is nearing a deal to sell its Barneys New York department store chain for $950 million to a private equity firm owned by the Dubai government, according to The New York Post. The talks with private-equity firm Istithmar

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