Department Stores

Barneys New York Gets New Owner

Perry Capital is now majority owner of retailer

Published

12 years ago

May 8, 2012

VMSD Staff

Luxury retailer Barneys New York has been purchased by Perry Capital, reports Women’s Wear Daily.

Through the transaction, Barneys’ largest lender, Perry Capital, which is operated by Richard Perry, will become a majority owner. The Yucaipa Cos., another key lender, and current owner, Istithmar World, will retain minority stakes in the retailer, but the exact details of the ownership have not been released, according to WWD.

The deal will help reduce Barneys’ long-term debt from $590 million to $50 million.

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