Istithmar

The proposed restructuring process of Dubai World will only relate to Dubai World and certain of its subsidiaries including; Nakheel World and Limitless World. The process will not include Infinity World Holding, Istithmar World and Ports & Free Zone...

Japan's Fast Retailing has pulled out of the race to buy US store chain Barneys, clearing the way for Dubai's Istithmar to acquire the business. Fast Retailing withdrew its bid after Istithmar raised its bid for the clothes retailer...

Japan’s apparel major Fast Retailing has made a $900 million (£448 million) takeover bid for US department store chain Barneys New York. The offer comes two weeks after Barneys’ owner Jones Apparel agreed to sell the business to Dubai...

Jones Apparel Group is selling Barneys New York to Dubai-based private-equity firm Istithmar for $825 million. Jones is selling the high-end, 34-unit department-store chain to “reduce the level of required capital expenditures (so) we will have greater financial flexibility in...