Saturday, August 11, 2007 7:21 am | 
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Japan’s Fast Retailing exits Barneys bidding war
Japan’s Fast Retailing on Thursday dropped out of the bidding war for Barneys New York, clearing the way for Dubai firm Istithmar to buy the upscale US department store for 942.3 million US dollars.
[FORBES]
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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.
