Japanese retailer fast retailing bids for barneys new york By cotten timberlake, bloomberg news Jones apparel group(Jny)Has received an unsolicited $900 million offer for its barneys new york chain from japanbased fast retailing, topping an earlier bid from istithmar, owned by christian louboutin pas cher femme the dubai government, by 9.1%. Jones, maker of jones new york clothing and nine west shoes, said on thursday that it will discuss the offer with fast retailing, asia's largest apparel retailer.A june 22 deal to sell barneys for $825 million to istithmar permits rival bids but includes a $20.6 million breakup fee. Selling barneys for triple the $294.3 million it paid in 2004 would let Jones buy back shares that are off 22% since the end of 2004.Offerings.Founded in 1963, it has 1, 800 stores in 12 countries The jones board said fast retailing's bid louboutinchaussures is"Reasonably likely to lead to a superior offer for barneys,"Fast retailing said in a statement.It said it needs no financing. Shares of jones, based in bristol, pa., climbed 20 cents to close at $28.60.Fast retailing fell 40 yen to 8, 490 yen in tokyo. Istithmar said in an emailed statement that its valuation of barneys was"Full and fair"And that it is committed to completing the louboutinchaussures deal. Jones ceo peter boneparth failed to sell the whole company last year after it spent almost $900 million to buy brands, including barneys new york and maxwell shoe. Barneys bottes christian louboutin soldes new york has seven stores that sell marc jacobs clothes and christian louboutin shoes.It also runs 14 coop stores aimed at younger shoppers, and 13 outlets.Sales at stores open at least a year surged 10% in the first quarter.

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