Istithmar
Retail
Dubai World announces restructuring plans
The proposed restructuring process of Dubai World will only relate to Dubai World and certain of its subsidiaries including; Nakheel World and Limitless World. The process will not include Infinity World Holding, Istithmar World and Ports & Free Zone...
Retail
Fast Retailing drops Barneys bid
Japan's Fast Retailing has pulled out of the race to buy US store chain Barneys, clearing the way for Dubai's Istithmar to acquire the business. Fast Retailing withdrew its bid after Istithmar raised its bid for the clothes retailer...
Retail
Fast Retailing offers $900 million for Barneys
Japan's Fast Retailing, parent firm of Uniqlo, has finalised its $900 million (£443 million) bid to buy upmarket US department store chain Barneys New York.“The bid, a day after an extraordinary board meeting, is conditional on a mutually acceptable...
Retail
Fast Retailing places bid for Barneys
Japan’s apparel major Fast Retailing has made a $900 million (£448 million) takeover bid for US department store chain Barneys New York. The offer comes two weeks after Barneys’ owner Jones Apparel agreed to sell the business to Dubai...
Retail
Jones Apparel transacts Barneys with Dubai firm for 825 million dollars
Jones Apparel Group is selling Barneys New York to Dubai-based private-equity firm Istithmar for $825 million.Jones is selling the high-end, 34-unit department-store chain to “reduce the level of required capital expenditures (so) we will have greater financial flexibility in...
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Latest News
Zepto achieves 120% revenue growth in FY24, reports strong financial performance
Zepto reduced its absolute losses, with PAT as a percentage of revenue improving significantly from -63% in FY23 to...
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