By and  on June 21, 2006

TOKYO — Barneys and Isetan are winding down a long and sometimes anguished relationship.

Isetan, a major Japanese department store retailer based here, will sell its 100 percent stake in the three-unit Barneys Japan chain to Sumitomo Corp. and Tokio Marine Capital. By the middle of July, Sumitomo will acquire 50.1 percent and TMCAP will receive 49.1 percent. Isetan declined to comment on the price of the sale.

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