According to today’s NY Post, Barneys may have found a new chief executive. The suffering luxury retail chain, whose former CEO Howard Socol abruptly resigned in May following a feud over expansion plans with the retailer’s new owner, is "down to a handful of candidates," a source familiar with the matter told The Post.
Istithmar, the Dubai-based investment firm, shelled out nearly $950 million to buy Barneys a year ago. They could install a CEO by year’s end. Rumored to be at the top of the list is ex-Gucci CEO Mark Lee. Last month, Lee surprised investors when he said he would leave Gucci at the end of the year "to pursue other interests and spend more time in New York City."
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