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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.
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.