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- The long-anticipated sale of luxury department store Barneys New York finally went down this weekend, going to a Dubai-based investment firm for $832 million and making for what was probably the smoothest Middle Eastern negotiation in modern history. [WWD, sub req'd]
- Now that Barneys is owned by Arabs, however, does this mean Jews will take their luxury shopping elsewhere? [Portfolio]
- The European couture shows start July 2, and three design houses (Dior, Lacroix, Valentino) are duking it out for "fashion party to end all fashion parties" status. [WWD, sub req'd]Sinead O'Connor "gives a crap" about fashion. Way to pick a profile subject, WWD! [WWD, sub req'd]
- Limited Brands to lay off 10% of its corporate employees. [WWD, sub req'd]
- Fashion industry enfant terrible Jean-Paul Gaultier will be recognized for his bad boy ways as the honoree at this year's Fashion Group International's Night of Stars, whose theme this year is "The Rule Breakers." Metaphysical question of the day: If you're being honored as a rule breaker, does that mean you are no longer a rule breaker? [Vogue UK]Metaphysical question of the day, II: What came first, the pretty shoes or the ugly feet? Victoria Beckham has some bad-looking feet, which may or may not be the result of the pretty shoes she likes to wear. [AHN]
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