BREAKING NEWS | Saudi, Gulf Consortium Seeking To Buy Barneys New York: Maaal

MILAN/ITALY – A Saudi and Gulf consortium is seeking to buy luxury retailer Barneys New York Inc, Saudi financial news website Maaal reported on Tuesday.

The consortium is led by Saudi company Arabian Oud and includes an unidentified “major airline”, Maaal reported, citing sources.

Separately, Dubai-based newspaper Gulf News reported that the consortium has teamed up with Solitaire Partners to make a bid for Barneys worth in the “area of $270 million”.

They could bring in an additional investor if the bid is successful, Gulf News reported.

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