Tuesday, 8 September 2009

Barneys Owner Istithmar Loses Two Key Execs - Sources

Dubai investment firm Istithmar World Capital, owner of troubled U.S. department store Barneys, will part company with its two key investment executives, according to people familiar with the matter.

John F. Amato and Felix P. Herlihy, Istithmar's two chief investment officers, are currently serving notice with the firm, one of the persons with close knowledge of the matter told Zawya Dow Jones Tuesday.

A spokesperson for Istithmar was unable to comment when called. Zawya Dow Jones was unable to reach either executive for comment. Their departure isn't linked to the troubled Barneys chain, another person with knowledge of the matter said.

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