Friday, June 22, 2007

UPDATE 2-Jones Apparel agrees to sell Barneys for $825 mln

(Reuters) - 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.




Jones Apparel, which owns clothing, shoes and accessories
brands such as Nine West, Gloria Vanderbilt and Jones New York,
put itself up for sale last year, but failed to find a buyer.


Read more at Reuters.com Bonds News

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