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

According to The Wall Street Journal, Socol is dissatisfied with the level of communication with Barneys' new owners Istithmar, and their aggressive timetable for international expansion of the Barneys stores.

Barneys was sold by Jones Apparel to the Dubai-based group last August, for US$942.3m, after fighting off a rival bid from Japan's Fast Retailing .

At the time, the parties agreed Socol would stay for around one year to work with the new owners, but he could now resign within days, the newspaper reported, citing people familiar with the situation.

Istithmar could not be reached for immediate comment this afternoon (12 May).