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.