A Saudi and Gulf consortium is seeking to buy luxury retailer Barneys New York I...
FILE PHOTO: The Barneys New York sign is seen outside the luxury department store in New York, U.S., July 31, 2019. REUTERS/Shannon Stapleton/File Photo
DUBAI - A Saudi and Gulf consortium is seeking to buy luxury retailer Barneys New York Inc, Saudi financial news website Maaal reported on Tuesday. The consortium is led by Saudi company Arabian Oud and includes an unidentified “major airline”, Maaal reported, citing sources. Separately, Dubai-based newspaper Gulf News reported that the consortium had teamed up with Solitaire Partners to make a bid for Barneys worth in the “area of $270 million”.Reporting by Marwa Rashad; writing by Tuqa Khalid; editing by Jason Neely
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Saudi Aramco aims to begin planned IPO on Nov. 3: sourcesSaudi Aramco aims to announce the start of its initial public offering (IPO) on ...
Read more »
Saudi-owned TV: Public offering for Aramco in DecemberRIYADH, Saudi Arabia (AP) — The long-planned initial public offering of a sliver of Saudi Arabia's state-owned oil giant Saudi Aramco will begin this December, a Saudi-owned satellite channel...
Read more »
Saudi Arabia reportedly considers investing in SoftBank Vision Fund 2 - Business InsiderThe Saudi Arabian Public Investment Fund (PIF) invested $45 billion in SoftBank's first Vision Fund in 2016.
Read more »
Wall Street Returns to Saudi Summit, but Khashoggi Murder Deters Some ExecutivesA Saudi Arabia investment conference that begins Tuesday is at the heart of Prince Mohammed’s bid to raise the kingdom's profile and draw investment that could help diversify the country's economy away from dependence on oil
Read more »
Saudi Aramco is reportedly kicking off its massive IPO this Sunday and plans to debut trading on December 11Aramco's IPO has been hotly anticipated by investors as it could be one of the largest on record.
Read more »
“Barneys Started Our Career”: Five New York Designers Remember the Department Store’s ImpactFive designers remember Barneys New York’s impact on their careers as the store's fate hangs in limbo after its bankruptcy filing.
Read more »