barney news and archive

Barneys sold to Yucaipa Cos. and Perry Capital

"This agreement provides us with increased free cash flow that will be used to revitalize our stores, invest in Barneys.com and further enhance our customer experience at a time when our operational financial performance is very strong, " Barneys Chief Executive Mark Lee said in a statement. The LA magnate Ron Burkle's Yucaipa Cos. and Perry...

Fashion

Jones buys Barneys

The shoes and clothing company Jones Apparel Group Inc. is buying upmarket department store Barneys New York Inc. for $106 million (GBP167.4 million) in cash. With this acquisition, Jones will enter the luxury retail arena. Jones is to pay Barneys' stockholders $19 per share and will take on approximately $106 million in Barneys debt. The deal...