Barneys Is Sold for $825 Million
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The clothing retailer Barneys New York, a temple to fashion that introduced Americans to Armani and $300 T-shirts, was sold today to the investment arm of the Dubai government for $825 million.
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Jones Apparel Group Inc.  is nearing a deal to sell its luxury Barneys New York department store chain to a private equity firm owned by the Dubai government, according to reports by two news organizations on Wednesday.
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TORONTO (CP) - TD Bank confirmed Thursday it will buy mid-sized New England retail bank Banknorth for $3.8 billion US in a cash-and-shares deal.
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Jones Apparel Group said Thursday it struck a deal to acquire Barneys New York Inc., agreeing to pay $400 million for the upscale clothing retailer&#39;s outstanding stock and debt.
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Company to sell 32-inch and 37-inch sets.
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Coles Myer, the Australian retailer, rejected a $13 billion offer from buyout firms led by Kohlberg Kravis Roberts & Company as too low. The offer, 14.50 Australian dollars ($11.16) a share, Âsubstantially undervaluedÂ the company, said Coles MyerÂs chairman, Richard H. Allert. The bidding group, which includes Bain Capital and the Blackstone Group, wanted management backing for the offer, Mr. Allert said. Coles Myer, which is based in Melbourne, has about 35 percent of AustraliaÂs grocery market, and Woolworths, based in Sydney, has about 40 percent.
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Australia's second-largest retailer, Coles Group Ltd. , agreed to a A$22 billion ($19 billion) bid, including debt, from conglomerate Wesfarmers Ltd. , in the country's biggest takeover.
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Faiza Maher of Centreville found the deal of the season at Macy's in Fair Oaks Mall over the holidays: a long brown Calvin Klein coat marked down to $75 from $270. When she realized the store was out of her size, she didn't fret. Maher simply walked across the mall to the other Macy's.
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SYDNEY (Dow Jones)--British Airways Plc (BAB) Wednesday confirmed that investment bank Citigroup Inc. (C) will handle the sale of its 18.
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SYDNEY (Dow Jones)--The world&#39;s largest owner of shopping malls, Australia&#39;s Westfield Group (WDC.AU), bid GBP585 million for Chelsfield PLC (CLF.
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Jones Apparel Group Inc.  is nearing a deal to sell its Barneys New York department store chain for $950 million to a private equity firm owned by the Dubai government, according to The New York Post.
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The Jones Apparel Group is near an agreement to sell Barneys New York for about $825 million to the investment arm of the Dubai government.
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Now that Barneys New York is off the block, potential buyers are circling around Fortunoff, Toys "R" Us and Casual Corner.
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The Mooresville, NC-based retailer posted net income of $522 million, or 66 cents a share, compared with $452 million, or 55 cents a share, a year earlier.
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Ritchie Bros. Auctioneers held its largest sale to date in company history last week in Moerdijk, (Rotterdam), the Netherlands, earning over 51million (approx. US$68 million) in gross auction sales.
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By MIKE CRISSEY, Associated Press Writer, The Associated Press. Icahn, one of the 1980s most prolific corporate raiders, bought 18.
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A company with a middle-brow reputation announced a deal today to buy the singularly trendy clothing chain.