Report: Barneys for Sale
New York City Barneys New York may be on the selling block, yet again. Not even two years after purchasing the luxury retailer, Dubai-based investment fund Istithmar World is rumored to be looking to rid itself of the company, according to reports on Bloomberg News.
The asking price for the upscale retailer is $942.3 million, the same amount Istithmar paid when it bought Barneys from Jones Apparel Group in Sept. 2007, Bloomberg reported. But industry experts say Istithmar is unlikely to find anyone willing to pay its asking price in this market.