How Much Is a Shopping Spree at Barneys? About $825 Million

As expected, Barneys was sold today for $825 million. The high-end clothing store was purchased by Istithmar, an investment arm (weirdly) of the government of Dubai. Jones Apparel bought the chain in 2000 for $400 million. Dubai also invests in Loehmann's, Perella Weinberg Partners, 230 Park Avenue, 280 Park Avenue, and 6 Times Square.

Barneys is Sold for $825 Million [NYT]