Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.
As the economy shows signs of stabilizing, major retail brokers are increasingly comfortable with leaving the largest brokerage houses and setting out on their own, according to a company that provides services to the brokers.
Shop 'till you drop it's not, but U.S. women are finally starting to buy clothes again. Even before the U.S. economy headed south over a year ago, many U.S. women had eschewed clothing purchases for themselves.
Carnaby Street witnessed a surpise event last week as British band Elmor played a gig in the Henri Lloyd store. Both the store itself and the street were full as the band took to the stage and played an hour long set.