Dickson postpones 'updates'
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.