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Istithmar studies Barneys financesIstithmar World is working to improve Barneys New York's financial situation and is committed to the retailer despite tough market conditions, the Dubai-based group has said. Barneys is seeking a debt restructuring or bankruptcy filing More… |
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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 eyes subprime casualtiesDubai government-owned Istithmar said it was considering buying into two US companies hit by exposure to subprime mortgages. The agency, which has bought a stake in Standard Chartered and acquired fashion retailer Barneys New York in More… |
Istithmar to buy Barneys for $825mJones 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 More… |
