Barneys Eyes Options, Including Possible Sale
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From Associated Press
With an eye toward further expansion, Barneys New York Inc. said it was exploring strategic alternatives that could include the sale of the company. The upscale retailer said it had retained investment banking firms Morgan Stanley and Peter J. Solomon Co. as financial advisors. Another alternative could include an investment by a third party.
Shares of Barneys rose $3.50 to $16.25 in over-the-counter trading.
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