(Reuters) - PHILADELPHIA, June 22 - Jones Apparel Group Inc. said on Friday it has agreed to sell Barneys New York, the luxury department store chain, for $825 million to a Dubai-based private equity firm while considering other offers for the chain or entire company.
Under the agreement with Istithmar, Jones Apparel can weigh other offers made for Barneys by July 22, and it can explore bids for the whole company through August 11.
Read more at Reuters.com Mergers News
Under the agreement with Istithmar, Jones Apparel can weigh other offers made for Barneys by July 22, and it can explore bids for the whole company through August 11.
Read more at Reuters.com Mergers News
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