Istithmar

US: Perry Capital takes majority stake in Barneys

Barneys New York has been taken over by Perry Capital in a debt-for-equity swap that reduces the US luxury department…

US: Loehmann’s completes restructuring

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

US: Loehmann’s seals restructuring plan

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

US: Discount retailer Loehmann’s in bankruptcy filing

Off-price designer fashion and furnishings retailer Loehmann's Capital Corp today (15 November) filed for Chapter 11 bankruptcy protection in a…

US: Barneys appoints new CEO

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

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

US: Barneys to receive $50m cash injection – report

New York fashion retailer Barneys may receive a cash injection of $50m in exchange for a controlling stake from supermarket…

US: Barneys owners halt expansion into China – report

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

US: Barneys gets cash lifeline from owner

Recession-hit retailer Barneys New York has been thrown a cash lifeline by owner Istithmar World Capital, enabling it to pay…

US: Barneys owners looking to sell – report

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