BARNEYS CLOSES IN ON SOCOL
NEW YORK — Barneys New York is close to naming a new chief executive officer, and speculation continues to focus on Howard Socol as the choice.
An announcement could come next week, according to sources. Barneys had no comment Thursday.
The luxury chain has been vigorously searching for a new ceo to succeed Allen Questrom who in September left to become chairman and chief executive officer of J.C. Penney. Barneys is principally owned by Bay Harbour Associates and Whippoorwill Associates Inc. Herbert Mines Associates has been conducting the search for Barneys.
Socol made his mark at Burdines, a Miami division of Federated Department Stores, where he was ceo for many years. Most recently, he has been involved in Internet ventures and for under a year ran J. Crew.
Socol’s emergence as a lead candidate for the Barneys slot was first reported in these columns Dec. 4, page one.