Wed, Oct 22, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Dubai fund gives up control of Barneys

Posted on 08 May 2012

Dubai’s sovereign wealth fund has given up control of luxury retailer Barneys New York, dealing a blow to Istithmar World , the emirate’s investment arm which paid $942m for the high-end retailer in 2007.
In a deal with the retailer’s creditors, Perry Capital, the company’s largest lender, and Yucaipa Companies, the investment firm run by billionaire Ron Burkle, will exchange debt for equity, reducing Barneys’ long term debt from $590m to $50m………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14997 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031