Tuesday, August 7, 2007

It's a Barneys War

The bidding war for the upscale department-store Barneys New York intensified over the weekend, as Dubai's Istithmar increased its offer to $900 million from its original bid of $825 million, matching a competing proposal from the Japanese Company. In response, the Japanese Co. sweetened its offer to $950 million. Istithmar has two business days, beginning Monday to make another offer "at least as favorable" as the Japanese bid. Who do you think will win this battle? I'm really enjoying this! It's like a soap opera. We'll find out tomorrow whether we'll be shopping at Barneys Dubai or not.

4 comments:

the divided colors of Vila Moda said...

It ain't over till the fat lady sings. But maybe neither might get to keep Barneys. Imagine Villa Moda Lifestyle making a last minute winning bid - now that will be a coup de grace to remember

Confashion said...

the divided colors of VM
Villa Moda? Highly unlikely ;) But I'm really interested in what's going to happen next! I can't wait!

Chinese Eyes said...

I Hope Istithmar Wins this. We Really want Barney's Here In Dubai.It would do good for all Gulf, Please Istithmar DO Someting and Japanese Co.Go to Hell =@
Confashion Please update us about this I'm truly looking forword to know the results.

Confashion said...

Chinese eyes
I WANT Istithmar to win too! Imagine having Barneys NY only 2 hours away by flight! How great is that!

I'll keep you posted inshallha ;)

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