By  on August 9, 2007

Istithmar has won the bidding for Barneys New York following the decision Thursday by Fast Retailing Co. Ltd. of Japan to drop out.

The Dubai-based Istithmar is paying Jones Apparel Group, Barneys' parent, $942.3 million in the all-cash deal.It inked the initial deal with Jones in June for $825 million, but then Fast stepped in and a bidding war ensued.

For complete coverage, see Friday’s issue of WWD.

To continue reading this article...

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus