Monday, August 6, 2007 5:52 am | 
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Barneys New York. | Photo: Palmasco. Creative Commons. |
Japan’s Fast Retailing boosts bid for Barneys to $950 million
Japan’s Fast Retailing Co. has increased its offer to acquire Barneys New York to $950 million after Dubai-based investment group Istithmar matched Fast’s original $900 million offer, Barneys owner Jones Apparel Group Inc. said Sunday.
[INTERNATIONAL HERALD TRIBUNE]
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While low-cost carriers have since long been successfully operating throughout the U.S., Europe, and southern Asia, Japan has seen very little of the low-price action.
