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June 22, 2007
Jones Agrees To Sell Barneys for $825 Million
Jones Apparel Group has entered an agreement to sell Barneys New York for $825 million in cash. The buyer is Dubai-based private equity group Istithmar. Further details of the sale have yet to be revealed.
Istithmar’s other retail holding include off-price retailer Loehmann's and Retailcorp, a retail development, marketing and promotion company.
Posted by Blacks on June 22, 2007 02:36 PM
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