Barneys NY received an unsolicited bid from a Japanese company to acquire Barneys for $900 million, which tops Istithmar's bid to buy the upscale clothing chain for $825 million. Barneys would have to pay Istithmar a $20.6 million breakup fee if it terminated their agreement now, or $22.7 million if it terminated the deal after July 22.
Did my post jinx Istithmar? Does that mean the giant luxury department store will no longer open in Dubai? I guess so.
Did my post jinx Istithmar? Does that mean the giant luxury department store will no longer open in Dubai? I guess so.
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And closer to home, is Kuwait Inc. serious about taking over Harrods of Knightsbridge ??
Gosh! I don't know about a take over but that store could seriously use a long overdue makeover, for sure.
Makeover or no Makeover, what matters to me is what's in the inside :P