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BREAKING NEWS: Istithmar Wins Barneys Battle‎

YES!! Fashionistas in this region, here's a reason for you to celebrate (and start saving money big time!). We will be all shopping at Barneys Dubai soon. Yup, Dubai's Istithmar has won the bidding for Barneys New York following the decision Thursday by the Japanese Company to drop out. Istithmar is paying the group which owns Barneys, a hefty $942.3 million in the all-cash deal. If you have been following this bidding battle on my blog, you'd recall that the initial deal with Barneys NY was in June for $825 million, but then the Japanese company stepped in and a bidding battle started.

I would like to congratulate Istithmar for their win. Guys, if you're reading this, I admire your persistence. You really made me feel proud. So what's your future plans? Harvey Nichols maybe?
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Comments

Anonymous said…
You go Istithmar! What a mommentous victory. I love your blog confashion. can you share the link to the article? I want to read it all :DDD
10 August, 2007
Ansam said…
check this confashions:
http://www.harveynichols.com/output/
Page221.asp
10 August, 2007
MiYaFuSHi said…
I'm proud too!
10 August, 2007
Anonymous said…
Oh my Gossh ! Dubai <3
We already have Harvey Nichols In Emirates Mall.
Welcome to Dubai Barneys <3
10 August, 2007
Anonymous said…
Yeeeeeeeees !! heheh ALLAH ybashrech bil khaaair :))

btw there already is a Harvey Nichols in Dubai
10 August, 2007
Confashion said…
Sue ellen
Sure!! here you go: http://www.arabianbusiness.com/index.php?option=com_content&view=article&id=497610:istithmar-bags-barneys&Itemid=1


ansam & Chineese eyes & yara
I wrote this post very late at night, I didn't pay attention to that last sentance I wrote. So forgive my errors & lack of concentration :P I meant Harvey Nichols in Kuwait.. I've been to the one in Dubai :)
Maybe Selfridges in Dubai? :P
11 August, 2007
Anonymous said…
Selfridges YES! Or Harrods Omg The Thought of it makes Me wanna Jump !!
11 August, 2007
Anonymous said…
Alright, alright so Barneys is coming to Dubai after all!I feel so over the moon for Haya & co - really I do.
Now if only they would clamp down on havala, human trafficking, child jockeying and introduce minimum wages, press freedom and parliamentary democracy in Dubai life will at last come a full circle for Souk Dubai.
12 August, 2007
Anonymous said…
A Bergdorf Goodman in Kuwait or a Baladiya that's actually interested in keeping Kuwait neat and tidy?

An Auchan hypermarket in Al Rai or government hospitals that come close to the French health service?

A Galeries Lafayette in Salmiya or well maintained public parks and gardens downtown.

A Colette boutique at the Avenues or a Barnes & Nobles at the Avenues?

More American casual diners in Kuwait City or more libraries, museums and art galleries across Kuwait??
15 August, 2007
Confashion said…
the reluctant homosexual
Well.. I don't think there is a city/country in the world which does not have its flaws. But I try to make the best of some situations. That's what keeps us moving forward or at least possitive.

thinking points
I'd like to have them all. That would be something. My Euphoria :)
15 August, 2007
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