By and  on July 9, 2007

TOKYO — Analysts here weighing in on the unsolicited bid for Barneys New York by Fast Retailing Ltd. mostly took a "wait and see" approach to the proposed deal, and at least one other analyst, based in New York, wondered if a third bid from another party would surface.

Kana Sasaki, equity analyst at the Equity Research Division of Mitsubishi UFJ Securities, said from a financial perspective, there were no looming concerns with Fast Retailing, the Tokyo-based owner of fast-fashion chain Uniqlo, buying Barneys New York. "But because the business model is totally different from each other, it is still early to see if we can expect the synergy effect," Sasaki said.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus