At a time when department stores are chopping themselves into mini-malls -- J.C. Penney Co. being the most prominent example -- Barneys is doing the opposite.
Barneys New York, the luxury-goods retailer controlled by a Dubai investment company, said it hired former Gucci Group NV executive Mark Lee to manage the business.
Barneys New York has been taken over by Perry Capital in a debt-for-equity swap that reduces the luxury retailer’s borrowings by $540 million, allowing the chain to invest more in its rebounding business.
Barneys New York, the luxury-goods retailer controlled by a Dubai investment company, said it’s in talks with lenders to improve its balance sheet.
Consumer sentiment climbed last week from a two-month low as Americans’ views on the economy were the least pessimistic in five years.
Led by Vogue editor in chief Anna Wintour, Fashion’s Night Out started three years ago in response to economic doldrums.
On the edge of Tiananmen Square, just across the street from Mao Zedong ’s tomb, He Yingying munches on a piece of chicken and gazes at the benign-looking figure beaming down at her.
Ah Wei has an explanation for Foxconn Technology Group Chairman Terry Gou as to why some of his workers are committing suicide at the company’s factory near the southern Chinese city of Shenzhen.
"We strive for true universal suffrage."
- Mark Lee on Sep 25, 2014
Barney’s Lee Says 2012 Record Year for Sales (Audio