Istithmar may fold Sep 15, 2009
Unlike government-controlled funds in Kuwait and Abu Dhabi, flush with cash from oil production, or in China, backed by export earnings, Istithmar fueled purchases such as the takeover of Barneys New York by borrowing as much as 90 percent of the money, the people said ... Unlike government-controlled funds in Kuwait and Abu Dhabi, flush with cash from oil production, or in China, backed by export earnings, Istithmar fueled purchases such as the takeover of Barneys New York by borrowing as much... (New York Post -- Business)
Dubai Sovereign Wealth Fund Is Said to Quit Investments, Weighs Fund Sale Sep 12, 2009
Sept. 11 (Bloomberg) -- Istithmar World, the Dubai sovereign wealth fund, is halting investments as part of a restructuring effort after spending more than $25 billion this decade on stakes ranging from a yacht marina to luxury retailer Barneys New York, according to people familiar with the plan. The process may result in a sale of the fund or its assets, they said. (Bloomberg)
Istithmar $pree to stop soon Sep 11, 2009
Istithmar World, the Dubai sovereign wealth fund, is halting investments as part of a restructuring effort after spending more than $25 billion this decade on stakes ranging from a yacht marina to luxury retailer Barneys New York, according to people familiar with the plan ... Istithmar World, the Dubai sovereign wealth fund, is halting investments as part of a restructuring effort after spending more than $25 billion this decade on stakes ranging from a yacht marina to luxury retailer Barneys... (New York Post -- Business)
Blowout at Barneys Sep 10, 2009
The disastrous buyout of Barneys New York has claimed two fresh casualties ... The disastrous buyout of Barneys New York has claimed two fresh casualties. (New York Post -- Business)
Upscale shops face downsized future Sep 9, 2009
LOS ANGELES Walking the floors of the Neiman Marcus, Saks Fifth Avenue, Barneys New York trifecta recently in Beverly Hills, I was struck by how empty the stores felt, empty of shoppers and empty of merchandise. Even with the fall season upon us, there were seating areas and bare walls where there used to be clothing racks, which makes sense because store buyers bought 10 percent to 30 percent less than they did the previous season. (Honolulu Advertiser)
* Japans Uniqlo to launch biggest store in Shanghai Sep 3, 2009
Last year it lost out in a bidding war to buy upscale US department store Barneys New York. Fast Retailing is pitting itself against global rivals such as US-based Gap Inc, Swedens Hennes tz and the Spanish Zara brand. (Taipei Times, Taiwan -- Sports)
25 secrets of recession chic Aug 23, 2009
GIVE YOURSELF CREDIT Open a no-fee credit card account at high-end stores such as Bloomingdale s, Saks Fifth Avenue, and Barneys New York for access to promotions and discounts. Loyalty reward dollars good on future purchases are another perk. (Boston Globe)
A Tale of Two Warehouse Sales Aug 22, 2009
After 15 years in Santa Monica, the Barneys New York Warehouse Sale has moved to Downtown Los Angeles ... After 15 years in Santa Monicas Barker Hangar, Barneys New Yorks twice yearly Los Angeles warehouse sale relocated to the Los Angeles Convention Center, a move that allowed the event to nearly double in physical size and inventory ... After 15 years in Santa Monica, the Barneys New York Warehouse Sale has moved to Downtown Los Angeles. (Los Angeles Downtown News, CA)
Excursions: You don't need a big wallet in Dallas Aug 16, 2009
Besides, NorthPark Center, a sleek mall featuring stores ranging from the Gap to Barneys New York, also provides a little culture as works from artists are displayed throughout. lect> Add your comment (max {maxchars} characters) You must be logged in to leave a comment. (Florida Today)
T: The New York Times Style Magazine to Host a Fifth Anniversary Celebration at The Standard, New York During New York Fashion Week Aug 15, 2009
editor of T Magazine, will host the party along with , the contemporary artist and creator of one of the 10 special anniversary T covers; , the creative director of Barneys New York; , star of the forthcoming film An Education and cover model for the Womens Fashion Fall 2009 issue; and Denise Warren, senior vice president and chief advertising officer, The New York Times Media Group, and general manager, NYTimes. com. (Yahoo! Wire -- Entertainment News)
Barneys Warehouse Sale Moves to Downtown (898) Aug 15, 2009
Published: Wednesday, August 12, 2009 4:57 PM PDT DOWNTOWN LOS ANGELES - Fashion conscious folk who have made a habit of spending thousands of dollars on clothes at the Barneys New York warehouse sale in Santa Monica will find that things are significantly different this year. For one, the event has moved to Downtown Los Angeles, and opens on Thursday, Aug. 13. (Los Angeles Downtown News, CA)
Dallas: Designer purses and $10 enchilada plates Aug 13, 2009
Besides, NorthPark Center, a sleek mall featuring stores ranging from the Gap to Barneys New York, also provides a little culture as works from artists including Andy Warhol are displayed throughout. And on Saturday mornings, the mall offers a free yoga session in its landscaped garden. (Atlanta Journal-Constitution -- Travel)
BARNEYS BATTLE IS SET TO BEGIN Aug 7, 2009
The tug-of-war for control of Barneys New York has officially begun. Istithmar -- the Dubai-based private-equity firm that owns the struggling luxury chain -- this week hired boutique adviser Perella Weinberg Partners to help restructure the retailer's 500 million debt load. (New York Post -- Business)
Stake in Esquire Theater site to be auctioned Jul 30, 2009
In addition, Endeavor says it has a stake in the new Barneys New York store, 15 E. Oak St., which opened in April and was co-developed by Mr. Hunt. The status of Endeavors other investments with Mr. Hunt could not be determined. (Crain's Chicago Business)
* World News Quick Take Jul 25, 2009
The luxury retailer Barneys New York has removed a window display that made it appear blood-spattered mannequins were fending off attackers. Creative director Simon Doonan says it was installed in a vestibule window at the Manhattan store while he was away on business. (Taipei Times, Taiwan -- Sports)
Barneys Ny Loses Cfo Jul 25, 2009
Barneys New York said its financial chief resigned as the company's debt was downgraded further, to junk status. The struggling luxury chain said CFO Steve Feldman, a 13-year veteran of the company, resigned yesterday "to pursue other interests.". (New York Post -- Business)
Luxury store removes 'bloody' window display Jul 23, 2009
NEW YORK - The luxury retailer Barneys New York has removed a window display that made it appear blood-spattered mannequins were fending off attackers. Creative director Simon Doonan says it was installed in a vestibule window at the Manhattan store while he was away on business. (AZCentral -- News)
Barneys ready to roll the dice at Fashion Square Jul 17, 2009
I got a glimpse three months into the future recently when I visited Barneys New York on the Las Vegas Strip. The New York-based luxury retailer is gambling that Scottsdale residents and visitors will flock to its new store at Scottsdale Fashion Square when it opens Oct. 15. (AZCentral -- Business)
Fast Retail Raises Full-Year Forecast on Bra Top, T-Shirt Sales at Uniqlo Jul 9, 2009
In 2007, it was outbid by Dubai investment firm Istithmar PJSC for Jones Apparel Group Inc.s Barneys New York chain. The company, which opened its first overseas store in London in 2001, has shops in countries including the U.S., China and France. (Bloomberg -- Japan)
The Week's Winners And Losers Jun 28, 2009
CEO of Istithmar smells the coffee, calls off Asian expansion of its Barneys New York chain. lect. (New York Post -- Business)
Bloomingdale's committed to Valley store Jun 27, 2009
Prices: Generally higher than Nordstrom, but slightly below Saks Fifth Avenue, Neiman Marcus and Barneys New York. Most read. (AZCentral -- Business)
Julie Gilhart is sporting new shoes Jun 25, 2009
Barneys New York fashion director Julie Gilhart says over-the-knee boots are big for fall ... After two unsuccessful attempts at interviews with the busy Barneys New York fashion director, we finally connected with an apologetic Gilhart last week to talk about her latest project - a collaboration with Barneys, Keds (owned locally by Stride Rite), and organically minded designers Loomstate. (Boston Globe)
'Gossip Girl,' 'NYC Prep': Privileged to meet you Jun 23, 2009
Designer duds: Look for Kooba bags, stops at Barneys New York, and the pressure to look perfect. "I wear clothes that are less than $20 sometimes," a teen on the show claims. (USA Today -- Life)
Knitwit Goes "Green", Introducing Tofu Cashmere Fall 2009 Collection Jun 21, 2009
Knitwit is stocked in over 500 prestigious high-end boutiques and department stores, including, Henri Bendel, Barneys New York (Japan), Fred Segal, Ron Herman, Kitson, Planet Blue, Olive s and Nordstrom's Savvy Department. Recently, such internationally well-known department stores like Holt Renfrew in Canada and Lane Crawford in Hong Kong have also started carrying Knitwit. (Yahoo News -- Press Releases)
FEC Dismisses Palin Clothing Complaint May 20, 2009
The purchases included $75,062 worth at Neiman Marcus in Minneapolis; $49,425 at Saks Fifth Avenue; $9,447 at Macy's; and $789 at the luxury retailer Barneys New York. Goods were also bought for Palin family members, such as $4,902 spent at upscale men's store Atelier and $92 at Pacifier, a Minneapolis baby boutique. (San Francisco Chronicle -- Politics)
The Palazzo Unveils AZURE: The Exclusive Daytime Luxury Pool Experience May 19, 2009
"While lounging poolside or in a cabana at AZURE, visitors will be able to experience The Palazzo's exceptional service and luxurious amenities, such as Canyon Ranch SpaClub, Wolfgang Puck's cuisine and hottest fashions from Barneys New York and Diane von Furstenberg." ... High-style fashion shows featuring apparel and accessories from the likes of Barneys New York, Diane von Furstenberg, Tory Burch and other luxury retailers of The Shoppes at The Palazzo will take place twice a day each... (Yahoo! Wire -- Entertainment News)
Isabel and Ruben Toledo Honored With Andre Leon Talley Lifetime Achievement Award at SCAD Fashion Show May 18, 2009
Designing and exhibiting twice-yearly collections since 1986, Isabel has been described as a "cult figure" by The New York Times, one of the "100 designers that count" by Women's Wear Daily, and Vogue has named Isabel "an important raw talent." Her work has been sold in Barneys New York, Ikram in Chicago, Colette Paris, Shiseido Ginza in Tokyo and Liberty of London. Isabel has twice been named on the International Best Dressed List and most recently First Lady Michelle Obama wore her designs for... (PR Newswire)
The New Face of Fashion May 10, 2009
In the Downtown Fashion District, most wholesalers target a middle to low price point the kind of fashions found in stores such as Forever 21 or Ross Dress For Less, as opposed to Barneys New York or Saks Fifth Avenue. Discount and mid-range stores send buyers to visit the outdoor and indoor showroom malls, where they peruse new designs from hundreds of garment makers in the same compact location. (Los Angeles Downtown News, CA)
Barneys Aiming to Close 2 Stores: Report May 6, 2009
(Reuters) - As the impact of the global recession weighs in on wealthy Americans, high-end retailer Barneys New York Inc aims to close two of its seven department stores, the Wall Street Journal said, citing people familiar with the matter. The 85,000 square-foot store at the Shoppes at the Palazzo in Las Vegas is one of the stores that the luxury retailer is trying to close, the people told the paper. (ABC News -- Wire)
FILENE'S NEW OWNER HOPING TO ESCAPE FROM THE BASEMENT May 6, 2009
As the economy swoons, pricey stores like Saks, Neiman Marcus and Barneys New York are facing mountains of unsold designer clothes, shoes and handbags. While Filene's Basement has long specialized in delivering luxury cast-offs, its new owners will angle for ever-bigger chunks of that inventory, said New York real-estate mogul Stanley Chera. (New York Post -- Business)
Barneys remains on track for fall debut Apr 30, 2009
Barneys New York is on track to open its first Arizona store, despite financial problems that have impacted the venerable store along with other high-end retailers ... Barneys New York's namesake store showcases its wares in window displays that also turn whimsical for the holiday season. (AZCentral -- Business)
Simon Doonan Apr 29, 2009
A giant digital countdown clock at Scottsdale Fashion Square ticks off the days, minutes, hours and seconds until Oct. 15, the day that a new wing of stores anchored by Barneys New York is expected to open. Simon Doonan, the famously clever creative director for the luxury department-store chain, is less exact about Barneys' opening date. (AZCentral -- Style)
Model Citizen: Lauren Bush Apr 17, 2009
"Buy this one bag, and feed one child for a year." She hatched the idea in college after a U.N. mission trip to Africa, because, she says, "I was frustrated that I couldn't do more than talk about the situation." The burlap and organic cotton totes jump-started the reusable shopping bag phenomenon but whereas FEED bags sell at Whole Foods stores, Lauren Pierce hangs alongside luxury labels like Stella McCartney at Barneys New York ... "It's a sign of how far we've come," says Julie Gilhart,... (Teen Vogue)
On Rittenhouse Square, Barneys New York opens first Phila. store Apr 17, 2009
On Rittenhouse Square, Barneys New York opens first Phila ... On Rittenhouse Square, Barneys New York opens first Phila ... Barneys New York is owned by the Dubai-based private equity firm , which acquired it from Bristol, Pa. (Philadelphia Business Journal, PA)
BUSINESS BRIEFS Apr 15, 2009
Istithmar World Capi tal said it has provided a "significant" level of ad ditional capital to sup port Barneys New York. The companies did not disclose the amount. (New York Post -- Business)
Vendor Payments Are Now In The Cards ATL&T Apr 15, 2009
So-called "factoring" companies -- including commercial-lending giants CIT and GE Commercial Finance -- have clamped down on credit, demanding steeper fees and heavy collateral from retailers like Lord & Taylor and Barneys New York. In response, some chains are plunking down the plastic mostly for smaller vendors that, while not regular business partners, have sizzling product. (New York Post -- Business)
Sunday Business Apr 5, 2009
Sunday, April 05, 2009 Last Update: 06:40 AM EDT. Wall Street analysts and former regulators are warning bank executives not to get too cocky with their new power over valuing their toxic. (New York Post -- Business)
BARNEYS TO GET $ INFUSION Apr 5, 2009
Apparel designers large and small can breathe a sigh of relief as the owner of struggling Barneys New York has decided to pump additional capital into the chain, The Post has learned. The cash, believed to be a minimum of 10 million, will pay down revolving credit and free up some cash, sources said. (New York Post -- Business)
Michael Stars store coming to Scottsdale Apr 1, 2009
The 1,100-square-foot women's contemporary clothing boutique will be located in the mall's new Barneys New York expansion wing. The store will carry Michael Stars' signature T-shirts along with dresses, sweaters, active wear, maternity and baby wear. (AZCentral -- Business)
He's having acid-wash flashbacks Mar 26, 2009
"It's just a lot of fun, and I think we're all looking for a little more fun these days," said Barneys New York creative director Simon Doonan last month at Fashion Week. Looks from the 1980s can be fun, in part because these ensembles are pure escape. (Boston Globe)
Redefining luxury Mar 25, 2009
Significantly, Barneys New York has put its dynamic retail force behind sustainable and environmentally friendly clothing. The company, which has always searched for upcoming designers, has now put a focus on organic knits, eco-friendly cottons, grown-to-sewn denim and even recycled gold jewelry. (International Herald Tribune)
India Fashion Week Mar 24, 2009
"Craft in patchwork, craft in beading whether I like it or not, all Indian designers are different and they don't do what everyone else has done," said Julie Gilhart, fashion director of Barneys New York. She was front-row-watching Indian fashion for the first time and fascinated by the individuality and verve. (International Herald Tribune)
Trader Joes plans Lincoln Park store Mar 19, 2009
Mr. Latsko, a principal with Structure Management Midwest LLC, co-owns the site with M Development LLC. The two Chicago-based developers are also partners on the newly built Barneys New York location on Oak Street, where the upscale retailer is slated to move possibly as soon as next month. On Diversey, Mr. Latsko says he hopes the developers will get a construction loan in time to break ground this year for a late 2010 opening. (Crain's Chicago Business)
Cirque du Soleil Chief Executive Says Investors in Dubai Won't Sell Stake Mar 18, 2009
Istithmar may sell U.S. luxury retailer Barneys New York for less than half what it paid two years ago, four people familiar with potential bids said in February. Istithmar and Nakheel, both units of government-owned Dubai World, acquired 20 percent of the circus operator in August as part of a bid by the sheikhdom to grow as a tourism destination. (Bloomberg -- Canada)
Suiting up for 'Lost' Mar 16, 2009
He often finds costumes at the Waikele outlet stores: Barneys New York, Saks Off Fifth and Calvin Klein. Their classic, contemporary clothes suit the styles of many of the characters. (Honolulu Advertiser)
The male model Mar 14, 2009
From subway to runway. From subway to runway. (AZCentral -- Style)
PARIS FASHION WEEK: Fashion master or mentor? An agonizing choice for young talents Mar 6, 2009
"We sell the clothes - we really do," Julie Gilhart, design director of Barneys New York, said after congratulating the designer and making a showroom appointment to see the clothes. But it is no secret that Bernard Arnault, chief executive of LVMH Mo. (International Herald Tribune)
Brazilians decide beach culture should help capture retail dominance Mar 4, 2009
"With the challenging economy, the product has to stand alone and be special without the platform of an event," said Tomoko Ogura, fashion manager at Barneys New York Women's Co-Op, which now sells Brazilian labels like Adriana Degreas, Sur and Jo De Mer. "But there still is something to be said for the incredible atmosphere there and being able to see collections come to life in Rio as opposed to seeing them in some U.S. showroom.". (International Herald Tribune)
Foreclosure suit hits Armitage Ave. shopping center Feb 19, 2009
The suit marks the first high-profile blemish for Mr. Hunt, whose firm M Development in recent years has aggressively bought up properties on the North Side and the Gold Coast neighborhood, including the Esquire theater on Oak Street and the nearby site where M Development is now building a new Chicago home for Barneys New York. Mr. Hunts firm also owns a site at North and Clybourn avenues, where sources say Apple Inc. is in talks for a second Chicago store. (Crain's Chicago Business)
Fashion Square announces 4 new stores Feb 16, 2009
Scottsdale Fashion Square has announced four more stores for its Barneys New York wing opening in October, including a lingerie and pajama store that will be a French company's first in Arizona. The latest additions, announced last week, are. (AZCentral -- Business)
Fashion Forward Feb 8, 2009
$15 at Barneys New York, Nordstrom, Neiman Marcus, C.O. Bigelow and Lippmanncollection ... $310 at Barneys New York and Fred Segal ... $4,500 at Barneys New York. (USA Today -- Life)
Dubai Fund Not in Talks to Sell Barneys Feb 8, 2009
DJIBOUTI (Reuters) - Dubai government investment agency Istithmar World is not in talks to sell luxury retailer Barneys New York Inc, its parent firm said. "We have not announced nor (sought) anybody regarding Barneys," Sultan Ahmed bin Sulayem, chairman of Dubai World, told reporters at the opening of port container operator DP World's new terminal in Djibouti on Saturday. (ABC News -- Wire)
Dubai Official Says No Plans to Sell Barneys Feb 8, 2009
The chairman of the Dubai conglomerate that owns Barneys New York said Saturday the company is not looking for a buyer for the luxury retailer, dispelling recent media reports. "We have not announced nor seeked anybody regarding Barneys," Sultan Ahmed bin Sulayem said in response to a question from The Associated Press. (ABC News -- Wire)
