Barneys New York

BOSTON (MarketWatch) -- Jones Apparel Group Inc. said its board is favoring a revised offer from Fast Retailing Co. to buy its luxury-retail chain Barneys of New York for $900 million in cash. The company said it has notified Istithmar it intends to accept the offer from Fast Retailing. If the...

CHICAGO (MarketWatch) -- Jones Apparel Group Inc. said late Friday that it is selling Barneys New York for about $825 million, more than double what it paid for the upscale department-store retailer only three years ago.

SAN FRANCISCO (MarketWatch) -- Retail stocks ended Friday's session in negative territory, in step with a broader market decline, with the S&P retail index shedding 4.92 points to end at 517.59. Shares of Abercrombie & Fitch Co. shed nearly 4% after being downgraded to equal weigh...

TEL AVIV (MarketWatch) -- Jones Apparel Group Inc., the New York clothing designer and retailer, is close to selling Barneys New York for around $950 million to a private-equity firm owned by the Dubai government, The New York Post reported. Citing sources, the paper said the talks are in t...