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Istithmar

Dubai World announces restructuring plans

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...

Fast Retailing drops Barneys bid

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...

Fast Retailing offers $900 million for Barneys

Japan's Fast Retailing, parent firm of Uniqlo, has finalised its $900 million (£443 million) bid to buy upmarket US department store chain Barneys New York. “The bid, a day after an extraordinary board meeting, is conditional on a mutually acceptable...

Fast Retailing places bid for Barneys

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 transacts Barneys with Dubai firm for 825 million dollars

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...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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