News Flash! It’s Istithmar by a Hair in the Race to Win Barneys. Second City Style Fashion Blog

August 9, 2007 • Fashion


In the race to the finish, it’s
Istithmar. The Dubai-based company has won the bidding for Barneys New York following the decision Thursday by Fast Retailing Inc. of Japan to drop out.

Istithmar will pay Jones Apparel Group (the owner of Barneys),
$942.3 million in the all-cash deal.

Source: WWD

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