A Vanishing New York: Barneys’ Downtown


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(FILES) The front window of Barneys New York is seen on Madison Avenue in midtown Manhattan 06 August 2007. The Gulf emirate of Dubai is making headlines with a series of high-profile investments abroad in everything from aircraft builders to Las Vegas casinos, but some deals are financially risky and could even spark a protectionist backlash, economists say. Government-controlled or backed firms and investment funds have chased strategic targets such as European aerospace giant EADS, owner of Airbus, in which Dubai International Capital bought a 3.12-percent stake, and brand names like the upscale Barneys New York retail chain, which Istithmar, another investment arm of the emirate, wrested from a rival Japanese bidder. AFP PHOTO/TIMOTHY A. CLARY (Photo credit should read TIMOTHY A. CLARY/AFP/Getty Images)

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