of Unsecured Creditors of Barney's Inc. rejects Dickson Concepts Proposal
NEW YORK--(BUSINESS WIRE)--March 4, 1997--The Official Committee
of Unsecured Creditors of Barney's Inc. (the "Committee") announced
today that they have reviewed the proposal (the "Proposal") from
Dickson Concepts (International) Limited to purchase the assets of
Barney's Inc. and its subsidiaries (collectively, the "Company").
The Committee believes that the value of the company is
substantially in excess of the Proposal and has rejected the
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