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June 14, 2007
Jones Closer To A Barneys Sale?
All eyes are on Jones Apparel Group’s annual shareholders’ meeting today to see if the group will announce a buyer for its Barneys New York chain.
Speculation over a possible sale increased this week with Jones’ appointment of Jay Friedman as president of company-owned retail footwear and apparel. Barneys was not mentioned in the appointment and observers think Jones may be ready to cut the property loose.
There are reportedly two suitors going head-to-head over the luxury department store chain: an investment fund from Dubai and an investor related to the royal family of Qatar.
Posted by Blacks on June 14, 2007 09:20 AM
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