Bye-Bye, DubaiPeople who moved to the Emirates to escape the financial crisis are having second thoughts.
ByHugo Lindgren
it just happened
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]
gossipmonger
Anonygossip Terrifies Hamptons!The society column in The Southampton Press is now anonymously written, and some East Enders are worried. Danielle Steel plans to write a novel based on her ex-husband’s boating incident in France, which left a French doctor dead. Sharon Stone is scheduled to emcee an AIDS benefit at the Dubai International Film Festival, despite the fact that the city has a bad track record on dealing with homosexuals and AIDS victims. Vanessa Minnillo may star in a reality show, though the Lohan knife pictures may be an issue. Peter Beard likes to take Polaroids of topless models. The Olsen twins sold pictures from their 21st-birthday party for $300,000. Paul McCartney performed a surprise show at the HighLine Ballroom with his “almost boy band.” Eli Manning dumped beer on teammate Shaun O’Hara at his 30th-birthday party.
