Jones Apparel Close to Selling Barneys: NYT

Jones Apparel Group is close to selling high-fashion chain Barneys New York to a Dubai government investment arm, The New York Times reported.

People familiar with the deal said the sale was worth $825 million, the report stated.

A deal is expected to be announced on Friday.

Contact U.S. News


    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Don't Miss

U.S. Video