Richard Perry, the majority owner of the upscale retailer Barneys New York until it was partially sold through bankruptcy proceedings for $271.4 million last Friday, is offloading a residential property in Palm Beach, Florida, for $10.9 million.
Mr. Perry, 64, founder of hedge fund Perry Capital LLC, and his fashion designer wife, Lisa, purchased the property in May 2018 for $6.5 million, public records show.
The home was gut-renovated by her design firm, Lisa Perry Homes. This is the first completed project of the firm, and the Perrys never lived there, according to the listing brokerage Douglas Elliman.
“My new business involves finding, buying and renovating homes,” said Ms. Perry, in a news release regarding the sale. “I then fill them with everything I love—from new and vintage furniture and lighting to art work and M&M’s—all with the idea that the buyer can move right in with as little as a suitcase.”
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The home was built in 1980, featuring formal bones and ornate furnishings. Ms. Perry removed walls between rooms and added large expanses of glass to blend indoor and outdoor living. She decorated the spaces with hardware, art, furnishings of bold, primary colors, sourced from her travels between the U.S. and France.
“It is safe to say that circles and dots are a running theme throughout my homes and my life,” Ms. Perry said.
The 6,476-square-foot home, located on Via Los Incas, has six bedrooms, six-and-a-half baths, a family room, a dining room and an eat-in kitchen. It comes with an outdoor pool and a two-car garage.
Listing agent Burt Minkoff of Douglas Elliman, who didn’t immediately respond to a request for comment, listed the property for $10.9 million late last month. The asking price includes all the furniture, art and accessories.
Mr. Perry gained control of Barneys New York in 2012. The department store has been struggling with rent hikes for its stores and tough competition from luxury online retailers. It filed bankruptcy in August and “sold for parts” to Authentic Brands Group, which owns Juicy Couture and Nine West, last week.
His hedge fund firm, Perry Capital LLC, founded in 1988, closed in 2016 due to the sharp drop of assets under management.
This article originally appeared on Mansion Global .
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Former Barneys New York Owner Richard Perry Asks $10.9M for Palm Beach, Florida, Home - Barron's
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