The Barneys portfolio is made up of flagship stores here,Beverly Hills, Chicago, Boston and Dallas; two regional full-pricestores; 14 CO-OP Barneys New York stores; and 13 outlet stores. Inthe fall the chain is scheduled to open its fifth flagship store,in San Francisco.
Jones acquired Barneys in 2004 for $400 million. At that time,the chain operated 21 stores across the country.
Istithmar sees "incredible growth prospects" for Barneys, saysDavid Jackson, the firm's CEO. The outfit has also invested in theUS off-price chain Loehmann's.
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