After nearly 20 years, the iconic specialty retailer is returning to its Chelsea roots. In 2017, Barneys will open a 57,000-square-foot flagship at Seventh Avenue and 16th Street, its old stomping ground.
Stefan L. Kaluzny, managing director of Sycamore Partners, inked a deal late Thursday to buy Jones for $15 a share, or $1.2 billion. The transaction includes $1 billion in debt, for a total value of $2.2 billion.
Defying critics who say it’s a no-growth proposition, the Neiman Marcus Group Ltd. LLC on Wednesday laid out a shopping list of strategies to grab market share, following the release of its fiscal first-quarter earnings report, which was skewed by acquisition costs.
’Tis the season for power shopping — and fur. Both were in full force outside Bergdorf Goodman and Barneys this week, where WWD captured New Yorkers and tourists dressed in their finest cold-weather garb.
Today's cover of our #PFW special edition: Clare Waight Keller looked to the sea for inspiration for her @chloe spring collection, which was full of nautical references and just enough frills so the Chloé girl didn't feel marooned. (📷: @delphineachard)
And the prize for the coolest catwalk set of the week goes to @driesvannoten. Japanese floral artist Azuma Makoto created 20 floral arrangements caught in plinths of ice for the spring show. #PFW (📷: @zefashioninsider)
@gigihadid and @bellahadid are in power mode. From top models - like the Hadid sisters seen here at @fendi - to great collections, strength took many forms in Milan. Check out this week's issue for all things #MFW. (📷: @zefashioninsider)
#MFW Designer Inspirations: "A 'poster collection' that marks a radical turnaround for creativity: a collection of elements in predominantly white, no color that embodies, in block, all shades of the rainbow." - Tommaso Anfossi and Francesco Ferrari, @cote.official
Front row at @fendi: @elliegoulding was at the show, fresh off releasing the finale song for the latest Bridget Jones flick. "I grew up with Bridget Jones and it was exciting and fun to work on the song. It's a fun and amazing character and I can relate to her." - Goulding #MFW
#MFW Designer Inspirations: "An evocation of dreams, hopes and memories, like a bottle with a letter inside or a magic lamp that looks after your own desires." - Salvatore Piccione on @piccione.piccione's spring collection