Istithmar

Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

US: Perry Capital takes majority stake in Barneys Petah Marian | 8 May 12

Barneys New York has been taken over by Perry Capital in a debt-for-equity swap that reduces the US luxury department store operator's borrowings by US$540m and allows the chain to invest in developing its business.


US: Loehmann's completes restructuring just-style.com | 2 Mar 11

US fashion retailer Loehmann's Holdings said it has successfully completed its restructuring and emerged from Chapter 11 bankruptcy proceedings.


US: Loehmann's seals restructuring plan just-style.com | 20 Dec 10

Discount retailer Loehmann's has reached agreement with the official committee of unsecured creditors to proceed with its restructuring plan.


US: Barneys appoints new CEO just-style.com | 23 Aug 10

Luxury retailer Barneys New York has announced the appointment of Mark Lee to the company as CEO, effective 1 September.


US: Barneys thought to be on CEO search just-style.com | 16 Apr 10

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


US: Barneys to receive $50m cash injection - report Simon Warburton | 1 Feb 10

New York fashion retailer Barneys may receive a cash injection of $50m in exchange for a controlling stake from supermarket operator Ron Burkle's investment company Yucaipa Cos.


US: Barneys owners halt expansion into China - report just-style.com | 26 Jun 09

Plans to expand US chain Barneys New York into China have been shelved by its owners, according to a US newspaper.


US: Barneys gets cash lifeline from owner just-style.com | 15 Apr 09

Recession-hit retailer Barneys New York has been thrown a cash lifeline by owner Istithmar World Capital, enabling it to pay its suppliers for the rest of the year.


US: Barneys owners looking to sell - report just-style.com | 2 Feb 09

Dubai-based investment group Istithmar is reportedly looking to sell on the Barneys New York department stores it purchased less than two years ago.


In the money: Steve & Barry's sold amid Chapter 11 spree just-style.com | 22 Aug 08

A string of Chapter 11 filings by clothing and footwear retailers in recent months shows that fashion is feeling the pinch of an economic slowdown in the US. However, this week's news that fashion chain Steve & Barry's is being bought by an investment firm for US$168m will do much to buoy the sector. Joe Ayling reports.


US: Barneys CEO Howard Socol to leave in June just-style.com | 14 May 08

Barneys boss Howard Socol is to leave the luxury clothing chain at the end of June, the company has confirmed.


US: Barneys boss could resign this week - report just-style.com | 12 May 08

Howard Socol, chief executive of luxury clothing chain Barneys New York, is poised to resign this week according to reports in the US press.


US: Jones Apparel narrows Q4 loss just-style.com | 13 Feb 08

Jones Apparel Group Inc today (13 February) said it had narrowed its fourth quarter loss, despite lower sales as it exited several sportswear lines.


Top stories on just-style this year... just-style.com | 21 Dec 07

Here is a list of the top ten stories published on just-style during the past year. To read the stories in full, please click on the headlines.


US: Jones Q3 income surges on Barneys sale just-style.com | 31 Oct 07

Jones Apparel Group has seen its third quarter profit soar five-fold, helped by the sale of its Barneys New York unit last month.


US: Jones Apparel to close Hanahan warehouses just-style.com | 22 Oct 07

US fashion group Jones Apparel is planning to close down its distribution operations in Berkeley County, South Carolina, where nearly 300 people currently work.


JAPAN: Fast Retailing FY profit slips 21% despite rising sales just-style.com | 11 Oct 07

Rising sales at Fast Retailing, operator of Japan’s largest clothing chain Uniqlo, were unable to offset a fall in full-year profit as the company struggled to stem losses in its overseas subsidiaries and new g.u. and Onezone formats.


US: Jones completes Barneys sale, plans share buyback just-style.com | 10 Sep 07

Jones Apparel Group Inc has completed the sale of its Barneys New York Inc unit and says it plans to use some of the proceeds to fund a $400m stock buyback.


JAPAN: Fast Retailing picks up the pace of its global expansion just-style.com | 4 Sep 07

Japanese casualwear retailer Fast Retailing Co Ltd is to open its first Uniqlo store in Paris in early December as it quickens the pace of its global expansion.


JAPAN: Fast Retailing wins bid for Cabin Co just-style.com | 21 Aug 07

Japan's Fast Retailing has won a tender offer to buy the common stock of Tokyo-listed Cabin Co, as it turns its eye away from the Barneys New York chain.


US: Jones Apparel puts $22.5m price on brands to be sold just-style.com | 14 Aug 07

The value of the brands that Jones Apparel hopes to sell by the end of this year is $22.5m according to a filing posted with the Securities and Exchange Commission today (14 August).


UAE: Istithmar plans five new Barneys stores just-style.com | 13 Aug 07

The chief executive of Istithmar, the Dubai-based investment group purchasing Barneys New York, has told a local radio station that the company intends to open five US stores upon completing the deal.


JAPAN: Fast Retailing withdraws beaten bid for Barneys just-style.com | 9 Aug 07

Japan's Fast Retailing has announced the withdrawal of its amended proposal to acquire Barneys New York having been trumped by Dubai-based private equity firm Istithmar.


US: Barneys takeover battle takes a twist just-style.com | 8 Aug 07

Jones Apparel Group has signed an amended definitive stock purchase agreement to sell its Barneys New York subsidiary to Dubai-based Istithmar for US$942.3m.


JAPAN: Fast Retailing ups Barneys bid to $950m just-style.com | 6 Aug 07

Fast Retailing has today (6 August) ammended its bid to acquire Barneys New York from Jones Apparel to US$950m in cash, after a rival $900m bid was submitted by Istithmar.


US: Jones posts quarterly loss of US$47.1m just-style.com | 2 Aug 07

Jones Apparel Group has reported a second quarter net loss of US$47.1m for the second quarter period, as the company prepares to offload its Barneys New York chain. Same-store sales fell 8%.


JAPAN: Fast Retailing submits definitive offer for Barneys just-style.com | 31 Jul 07

Japan’s Fast Retailing group has moved forward with plans to buy Barneys New York from Jones Apparel Group for US$900m in cash, submitting a definitive proposal to acquire the luxury chain.


US: Fast Retailing submits rival $900m bid for Barneys just-style.com | 5 Jul 07

Jones Apparel Group Inc has received an unsolicited offer for its Barneys New York subsidiary from Japanese apparel group Fast Retailing Co, the owner of the Uniqlo casual clothing chain, for $900m in cash – beating an $825m deal already inked with Dubai-based private equity house Istithmar.


US: Istithmar to buy Barneys for $825m just-style.com | 25 Jun 07

Ending months of feverish negotiation and even more speculation, Dubai-based private equity house Istithmar said late Friday (22 June) that it had agreed to acquire Barneys New York from Jones Apparel Group about US$825m.


US: Joseph Donnalley adds treasurer post at Jones Apparel just-style.com | 15 Jun 07

Joseph Donnalley, senior vice president of corporate taxation and risk management at Jones Apparel Group, has taken the additional post of treasurer.

1

3

...

11

just-style homepage



Forgot your password?