Barneys price tag could reach $1.4B

Two Middle Eastern investment firms, Qatar Investment Authority and Istithmar, are in a bidding war to buy the Barneys New York chain. Sources close to the deal say the luxury apparel chain could go for as much as $1.4 billion, or much more than the $1 to $1.2 billion Barneys’ owner Jones Apparel Group was looking to get for the stores. more [WWD]