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We really hope Burkle gets his hand on it sooner than later–he’ll do a great job–but even if Barneys is forced to file for bankruptcy,oakley sunglasses (http://www.sunglasses-club.com), don’t fret. While smaller outlets across the country may close,New Era MLB Hats (http://www.caps2011.com/new-era-mlb-hats), Barneys itself will be around for a long time. It has too much future potential–someone is bound to bail it out.
Posted in:
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Istithmar,NFL Jerseys (http://www.jerseysonline.co), a Dubai-based private equity firm,New Era Caps (http://www.caphatshop.com), bought Barneys three years ago for way too much money–$942 million–and the value of the retailer has continued to decrease. While luxe department stores like Neiman Marcus and Bergdorf Goodman have been able to bounce back (even just a little) from the recession,NBA Jerseys (http://www.jerseysonline.co), Barneys continues to struggle.
Our favorite struggling department store,Red Bull Hats (http://www.caphatshop.com), Barneys New York,September Issues Revealed Who’s Covering What (http://wlcentral.org/duplicate/denied/ip),new era hats (http://www.caps2011.com), got more bad news this morning: Its parent company,NFL hats (http://www.caphatshop.com), Istithmar,Ray Ban Sunglasses (http://www.sunglasses-club.com/ray-ban-sunglasses), is going to have to pump another undisclosed amount of cash into the debt-ridden retailer. (That’s according the the NY Post.)
And it’s not for lack of a great brand and great clothes. The problem still goes back to this: No one is running the business. Shareholder Ronald Burkle still wants to buy the company,Cheap NFL Jerseys (http://www.nfljerseyse.com), but Istithmar won’t give up.