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Flagship Barneys Madison Avenue store to stay open

Bloomberg After weeks of hand-wringing over its fate, the flagship location of Barneys New York Inc will stay open for at least another year, albeit with a new format. The store will morph into a “pop-up retail experience” including boutiques, art and other cultural events, according to a statement from its new owner, Authentic Brands Group LLC. But the centre ...

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Delta may pull out of Alitalia bidding

Bloomberg Delta Air Lines Inc may pull out of bidding for Alitalia SpA, complicating efforts to rescue the bankrupt Italian carrier, Corriere della Sera reported, citing unidentified people familiar. The Atlanta-based firm doesn’t want to take part in a bidding game and might tell Alitalia’s administrators that its offer to inject about 100 million euros ($112 million) is final, Corriere ...

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British Airways owner suffers as pilot strike disrupted flights

Bloomberg British Airways owner IAG SA reported a drop in third-quarter earnings after the UK carrier’s first pilot strike since 1979 disrupted flights and held back sales. The airline group, which also includes Spain’s Iberia and Aer Lingus of Ireland, had an adjusted operating profit of $1.6 billion, according to a statement, down 7% compared with 2018 on a pro ...

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