2007'09.12.Wed
Istithmar Completes Acquisition of Barneys
September 08, 2007
DUBAI, United Arab Emirates, Sept. 8
/Xinhua-PRNewswire/ -- Istithmar announced today the
completion of its acquisition of luxury retailer Barneys
New York at a purchase price of USD 942.3 million. The
company announced the closing following the signing of
definitive documents on 8 August 2007 and obtaining
clearance from U.S. antitrust authorities to buy the luxury
retail chain.
(Logo:
http://www.newscom.com/cgi-bin/prnh/20070805/268060 )
About Istithmar:
Istithmar is a private equity and alternative
investment house headquartered in Dubai, the United Arab
Emirates, with offices in Shanghai and New York.
Established in 2003, it is 100% owned by Dubai World which
in turn is wholly owned by the Government of Dubai. In the
three years since its inception, Istithmar has invested in
over 30 companies in three sectors - consumer, industrial
and financial services. Istithmar's 'I' Investment
Philosophy is based around three core principles - Ideas,
Inquiry and Integrity - and is the foundation on which the
firm has established a broad portfolio of highly successful
investments in the markets from North America and Europe to
Asia and the Middle East. http://www.istithmar.ae
For further information, please contact:
Hwee-Suan Ong or Mohamed Tahboub
PanGulf PR
Tel: +97150-786-2997
Fax: +9714-295-1027
Email: Hweesuan@batespangulf.com or
mohamed@batespangulf.com
PR
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