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

BUSINESS | Barneys Show It’s Getting Together To Sell A $4.280 Dress

Jeddah, Saudi Arabia - The slew of value- and mind-price retailers that have entered bankruptcy in recent years is getting some posh company. Barneys New York, the upscale department store, said Tuesday that it had filed for Chapter II bankruptcy protection after reports that it was seeking a lifeline as it grappled with high rents … Continue reading BUSINESS | Barneys Show It’s Getting Together To Sell A $4.280 Dress

BUSINESS | Barneys New York Explores Options That Include Bankruptcy

Riyadh, Saudi Arabia – U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filling, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday. The nearly 100-year-old retailer, known for its high-end designer collection, is working with law firm Kirkland … Continue reading BUSINESS | Barneys New York Explores Options That Include Bankruptcy