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May 13, 2008
Report: Socol Plans Early Retirement From Barneys
Barneys New York CEO Howard Socol is reportedly planning to retire a year ahead of schedule, leaving the luxury retailer hunting for a new chief.
Socol, 62, has been butting heads with the investment group that took over the company last year, Istithmar. The Dubai-based group had plans to build Barneys presence in the U.S., but since then the economy has gone soft. According to reports, Socol and Istithmar execs have been at odds over a new action plan.
Barneys has yet to confirm Socol’s forthcoming departure but insiders speculate that it could happen soon.
Posted by Blacks on May 13, 2008 09:26 AM
