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Istithmar bails out Barneys NYDubai-based Istithmar World Capital that owns Barneys New York has thrown the high-end retailer a lifeline that will allow it to pay for its shipments for the rest of the year. The capital injection came a day after ratings agenc More… |
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Dubai fund not in talks to sell BarneysDubai government investment agency Istithmar World is not in talks to sell US luxury retailer Barneys New York, its parent firm said. "We have not announced nor (sought) anybody regarding Barneys," Sultan Ahmed bin Sulayem, chairman of Dub More… |
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Dubai fund may sell Barneys New YorkBarneys New York Inc's owner, Dubai's Istithmar World, may sell the US luxury retailer less than two years after buying it as the fund struggles with losses and the luxury market slows, Bloomberg reported. Istithmar doesn't want to sell th More… |
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Barneys to open five new storesDubai government investment agency Istithmar, which agreed last week to buy Barneys New York Inc. for $942.3 million, said the US luxury-clothing store plans to open up to five outlets at a cost of as much as $100 million. Istithmar, which More… |
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Jones Apparel, Dubai agree on new Barneys dealJones Apparel Group said it has agreed to sell its Barneys New York chain to Istithmar for a sweetened price of $942.3 million after the Dubai-owned firm raised its offer in a bidding war with Japan's Fast Retailing Co. Ltd. Under the term More… |
