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.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)