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April 12, 2007
Report: Fund Considering $1B Bid For Barneys
A private equity find is reportedly mulling a $1 billion bid for Barneys New York. The buy – which is being linked to the royal family in Qatar – could be announced within a matter of days.
The bid would be substantially higher than others considered for the Jones New York property.
According to reports, the Qatar government wants to develop a luxury retail sector to drive tourism.
Blacks's Take: Foreign owners may be more interested in keeping current management in place as they make expansion plans.
Posted by Blacks on April 12, 2007 09:50 AM
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