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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… |
