LA billionaire merges with Barneys to become chairman of the board. OWN IT!
Seem’s Angelenos are putting fashion on the map more and more everyday. An LA business owner merged with Barneys of the infamous Barneys NY to become a partial owner and a member of the board. ApparelNews.net;
Billionaire Ron Burkle, whose Yucaipa Cos.investmentfirm is headquartered on Sunset Boulevard, has joinedPerry Capital of New York to take a majority share in the retailer. As a result, Burkle will gain a seat on the board of directors. Richard Perry, head of Perry Capital, will become chairman of the board.
Let’s hope these means better shopping for Los Angeles and maybe, eventually (fingers and pedi toes crossed) we could get a REAL fashion week back. We shall see. What do you think fashionista?