With the $825 million sale of Barneys New York to the Dubai-based Istithmar investment firm, the international appeal of an enduring Manhattan retail institution will be tested.
So will the future of Barneys' former parent, Jones Apparel Group. As Jones searches for ways to turn its remaining clothing brands into growth vehicles or prepare for further disposals, Istithmar is expected to bring the 84-year-old Barneys to, among other regions, the Middle East. One possibility is Palm Islands where homes, shopping centers and hotels are being developed on three large man-made islands off the coast of Dubai.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"