ShoppingBlog.com (Free subscription) | 11/20/2009
Reuters reports that supermarket mogul Ron Burkle and his investment company, Yucaipa, have bought up a large amount of Barney's debt. Dubai World owned Istithmar paid $942.3 million for Barney's in 2007 but the luxury retailer has been struggling since then. A Wall Street Journal article says Baryney's is exploring a possible restructuring. Barneys took on debts of about $500 million to fund...
Reuters (Free subscription) | 11/20/2009
(Reuters) - Supermarket mogul Ron Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, the Wall Street Journal said, citing people familiar with the matter.
WWD (Free subscription) | 11/20/2009
Sources say billionaire hedge fund manager Ron Burkle is in the final stages of purchasing some of Barneys New York’s debt from Citibank.
Women's Wear Daily (Free subscription) | 11/20/2009
Sources say billionaire hedge fund manager Ron Burkle is in the final stages of purchasing some of Barneys New York’s debt from Citibank.
LA Biz Observed (Free subscription) | 11/07/2009
Bev Hills billionaire Ron Burkle has $56 million in loans against his two houses. The McCourts have borrowed $28 million on their properties.
SeekingAlpha Retail Stocks (Free subscription) | 11/23/2009
Mark Krieger submits: The regional grocery chain has had a spectacular run-up lately, surging over 100% from $5.97 in early Sept. to nearly $13 last week. The stock’s stunning rally is by no means a result of operational improvement or other change in fundamentals, but rather of a rumor of an impending takeover. The fact is, Billionaire investor Ron Burkle’s Yucaipa Investment company...
Maya Reynolds (Free subscription) | 11/19/2009
In early January, billionaire investor Ron Burkle disclosed in a filing to the SEC that his Yucaipa Companies had purchased 8.3% (over 4 million shares) of Barnes & Noble stock. According to Publishers Marketplace (PM) , two days later, Goldman Sachs upgraded its rating of the bookchain's stock from "sell" to "neutral." Last week, Burkle filed new papers with the...
Money & Company (Free subscription) | 11/17/2009
... said he met Magic Johnson Enterprises President Eric Holoman at a lunch held at billionaire Ron Burkle ’s home in June. Initial discussions were about raising financing for Johnson-related business deals, Attanasio said. "Then we recognized that there was an even larger opportunity to address" in middle-market firms nationwide, he said. Johnson, who has built movie theaters, Starbucks stores...
SeekingAlpha Retail Stocks (Free subscription) | 11/18/2009
Lonely Value had received cle ar endorsements from 2 billionaires in just the last 48 hours. Monday, Barron's reported on Ron Burkle's $80 million purchase of Barnes & Noble ( BKS ) shares. Burkle's company, Yucaipa increased its existing BKS stake to 9.8 million shares or 17% of total outstanding shares. Complete Story »
BloggingStocks (Free subscription) | 11/18/2009
Filed under: Ford Motor (F) , Options Barnes & Noble ( BKS ) closed at $22.50. BKS is expected to report Q2 EPS on November 24. Ron Burkle, the private equity investor, doubled his stake in Barnes & Noble to 17% from 8%. BKS is expected to give its outlook of its digital book reader, Nook, during EPS conference call. December option implied volatility is at 54, January is at 51; versus...
Gawker (Free subscription) | 11/09/2009
... pay to get up close and personal with women they see on the TV when he flew Fox out to his party. Ron Burkle was accused, in a book earlier this year, of paying to watch Paris Hilton get some . And British model/magazine cover regular Sophie Anderton admitted recently that she'd been a high-end hooker, for about $25,000.There is, of course, no evidence that Fox did anything but discuss the...
Outposts (Free subscription) | 10/29/2009
... III, Robin Greenspan, George Maloof, Andrew Pascal, Mat Hoffman, Shaun White, Robert Kotick and Ron Burkle. Rancid will provide the live music. [Updated 8:23 a.m.: An earlier version of this post incorrectly identified Frank Fertitta III as Frank Fertitta II.] The benefit is pricey: Individual tickets are $350 and family packages range from $2,000 to $20,000. Guests will receive various...
Queerty (Free subscription) | 10/23/2009
On the one-year anniversary of meeting to organize a "No On 8" fundraiser at grocery billionaire, Clinton friend, and skeeve Ron Burkle's home, Perry Vs. Schwarzenegger spearheaders and Hollywood A-gays Chad Griffin and Bruce Cohen were holding a similar sort of fundraiser on Tuesday: one for Maine's "No On 1" effort. CONTINUED » Permalink | Post a [...]
The Pittsburgh Comet (Free subscription) | 10/22/2009
... the IOC answers the question? Answer: Because IOC is the one plan that makes the most money for Ron Burkle. Ron Burkle is willing play Russian Roullete with the francises's future to make the most money. It's a gun to the head of Pittsburgh strategy that benefits few, hurts many and inproperly politicizes the gaming decision in an effort for Ron Burkle to simply make more money....
CNNMoney.com (Free subscription) | 10/23/2009
... memorabilia.The advisersJackson relied on a colorful retinue of business advisers, from financier Ron Burkle and a Bahraini sheikh to manager Tohme Tohme.The stuffUniversal Music Group's Bravado Merchandising arm is producing Jackson collectibles, from wine decanters to sunglasses.The lendersBanks Barclays and HSBC and hedge fund Plainfield hold roughly $435 million in Jackson debt, at rates...
