A New Bid for Barneys

FASHION
• Jones Apparel is entertaining an unsolicited $900 million bid for Barneys New York. The department store was promised to the government of Dubai last month for $825 million. [Reuters via NYT]
• Cathy Horyn's next grand feature will be on LVMH's Sidney Toledano. [Fashion Week Daily]
• Claudia Schiffer is Karl Lagerfeld's muse in the new Dom Pérignon ads. [British Vogue]

FINANCE
• Paris Hilton's trust fund will be well stocked if the hotel chain accepts a $26 billion bid from Blackstone. [DealBook/NYT]
• Private-equity firms in London escape a "knee jerk" tax increase, even though many in the industry say they don't pay enough. [London Telegraph via DealBook/NYT]
• Did Bill Gates lose the "Richest Man in the World" title to a Mexican telecom magnate? [InformationWeek]

MEDIA
Vanity Fair and The New Yorker snub the New York Media Softball League. Who needs umpires? [WWD]
• A British company bought American Lawyer Media Holdings for $630 million in cash. [AP via Forbes]
• A Bronx man was the first charged with breaking a tough new anti-piracy law after he was caught trying to bootleg Transformers. [NYDN]

LAW
• Jurors on the Jose Padilla trial are coordinating their outfits. [Law Blog/WSJ]
• The lawyer who flew around the world with TB isn't as sick as everyone thought. [NYT]