Barneys New York is a chain of upscale department stores headquartered in New York
City. Judy Collinson, EVP and GMM of the Womens Division and Tom Kalendarian,
EVP and GMM for the Mens Division.
Merchandise selections come from a variety
of designers including Giorgio Armani, Manolo Blahnik, Fendi, Givenchy, Marc
Jacobs, Prada, Jil Sander, Diane von Furstenberg, and Ermenegildo Zegna. Barneys
branded merchandise compliments the designer collections. Barneys' signature
look consists of bright red awnings and original window displays. The New York
and Beverly Hills flagship locations also have on-site restaurants that are
operated by third parties. The Boston flagship will get a restaurant (currently
un-named) in the early part of 2009. Flagship locations average 94,853 sq ft,
while the regional stores average 12,133 sq ft.
The company filed for
Chapter 11 Bankruptcy in 1996, closed stores in Chelsea and several other locations
across the US, and sold the department stores in Japan and Singapore.
On
December 20, 2004, the Pressman family sold its less than 2% remaining
ownership to the Jones Apparel Group. Dubai-based private equity and alternative
investment house Istithmar PJSC acquired Barneys New York from Jones Apparel
Group Inc. on September 7, 2007. The initial offer for $825 million (Dh3.03
billion) was raised to $942.3 million. |
