News
« Jones Agrees To Sell Barneys for $825 Million | | Hermès Targets Wall Street Crowd »
June 25, 2007
Barneys' Buyer Mulls International Expansion
The $825 million sale of Barneys could lead to major international expansion, according to its prospective buyer, Istithmar.
The Dubai-based investment firm is considering expansion into Palm Islands, off the coast of Dubai and Macao. Speculation is also swirling over a possible move to London.
The sale was agreed to last week and has yet to be finalized. Barneys parent Jones Apparel Group has decided to cut the luxury department store loose to concentrate on its various mid-tier brands.
Posted by Blacks on June 25, 2007 08:47 AM
Comments
Post a comment
