Dickson postpones 'updates'

PUBLISHED : Friday, 28 February, 1997, 12:00am
UPDATED : Friday, 28 October, 2016, 9:17am

Upmarket goods distributor Dickson Concepts (International) has delayed the announcement of 'updates' on its 'international investment' until today.

The last-minute delay, which was not explained by the company, came as speculation intensified the news could be a possible bid for bankrupt United States retailer Barney's.

No directors were available for comment yesterday.

One retail analyst said: 'The whole exercise is about Barney's. If Dickson buys out Barney's, it may cost as much as US$400 million.' He predicted Dickson, which has cash on hand of about HK$1.3 billion, could seek a share placement to fund the purchase of the 13-store Barney's.

Barney's is embroiled in litigation and its Chapter 11 bankruptcy protection will expire on May 5.