US media reports indicate New York fashion retailer Barneys is to start looking again for a CEO.

The operator was subject to recent rumours it would receive a cash injection of US$50m in exchange for a controlling stake from supermarket operator Ron Burkle's investment company Yucaipa Cos.

The rumours speculated that Barneys, which is owned by Istithmar World Capital in Dubai, was potentially being examined with a proposal from Burkle.

However, US reports note that after healthy spring business, Barneys may be on the look-out for a new CEO, although they speculate Istithmar has not yet hired a recruitment specialist for the job.

Istithmar was not available to comment this morning (16 April).