Capsule

BARNEYS CHIEF TO STEP DOWN

May 11, 2008 BY CAPSULESNEWS

10shop-inline-190.jpgHoward Socol, the chief executive of Barneys New York, who restored the company’s stature after it fell into bankruptcy in the 1990s, has told colleagues he intends to resign, according to people knowledgeable about the situation.The people, speaking on the condition of anonymity because Mr. Socol was still completing his plans, said he might announce his resignation as early as next week. They said that Mr. Socol had disagreed sharply with the new owners of the chain over its strategy, especially plans to expand the Barneys name overseas.  (nyt)