Remember last week when we waxed on about how Barneys New York desperately needed a new owner?
Well, apparently, rich guy Ron Burkle wants to buy the struggling upscale retailer.
Burkle has invested in everything from the Pittsburgh Penguins to Sean John in the past, and last December he bought a big chunk of the company’s debt. He wants to pitch in another $50 million, which would give him control of 80% of the company.
While Burkle doesn’t know much about luxury, he does know a lot about retail, so this might be a good fit.
His people can take care of the finances while the creatives at Barneys can keep doing what they do best.