Reuters reports that Ron Burkle’s Yucaipa Cos. is offering to invest $50 million or more in iconic clothing chain Barney’s New York, which would give him 80 percent ownership of the chain’s equity.
However, the company’s current owner, Dubai-based Istithmar World Capital, apparently is not considering the proposal.
However, the company’s current owner, Dubai-based Istithmar World Capital, apparently is not considering the proposal.
- KC's View:
- Forget Barney’s. I keep waiting for Burkle to get fed up with how his investment in A&P is playing out, and to make a move to take over that troubled company.
