Barneys Said To Be Mulling Restructuring, Bankruptcy

Law360, New York (September 1, 2009, 7:36 PM EDT) -- Struggling luxury retailer Barneys New York Inc. is reportedly considering its options, including a debt restructuring or bankruptcy filing, to oust the Dubai firm that gained control of the company in 2007.

Holt Renfrew, a Toronto-based department store chain, has approached hedge fund Perry Capital LLC with a joint offer for control of Barneys, Bloomberg News reported, citing undisclosed sources familiar with the matter.

Perry Capital played a role in financing Barneys' $942.3 million takeover by Istithmar PJSC, a unit of Dubai World, an investment firm...
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