- The Washington Times - Tuesday, April 14, 2009

NEW YORK (AP) - Istithmar World Capital says it has provided a “significant” level of additional capital to support upscale retailer Barneys New York.

The companies did not disclose the amount. But in a statement Tuesday, the private equity and investment company said it is enough to give the retailer some flexibility to work with its vendors and meet its scheduled shipments for the year.

Istithmar says it will continue to monitor the company’s performance but feels confident no further capital injection is needed at this time.

Standard & Poor’s Ratings Services downgraded Barney’s Monday on concerns about its cash position.


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