2007-06-15
Dubai to buy Barneys
When I hear the word "Barneys" I think of a large purple anthropomorphic dinosaur from the 1990s (I believe that was the Clintoneous Period) - and not that high falutin' fashion chain Barneys New York.

But, since this is Dubai, we ain't talking children's playthings.

According to yesterday's Wall Street Journal, Dubai's Istithmar private equity firm, is in talks to buy the Barneys New York chain for $800 million.

Istithmar, you might recall, is the group that purchased the Loehmann's chain last year.

I wonder if they sing, "I love you, you love me" every morning before the store opens?
posted by Josh @ 7:24 AM  

Josh and Liz are two American kids who got married in August. Liz has lived in Dubai since 2003, Josh since August of 2006.

Follow along in the culture shock of being recently married and (for Josh, at least) recently transplanted to Dubai.


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