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Fast Retailing Throws in Towel on Barneys

Japan's Fast Retailing on Thursday dropped out of the bidding war for Barneys New York, clearing the way for Dubai firm Istithmar to buy the upscale US department store for 942.3 million US dollars.

The defeat is a setback to the ambitions of the Japanese no-frills clothing giant to become a global name in apparel retailing.

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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