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Barneys New York, the iconic luxury chain, says a bankruptcy judge has approved the sale of its assets to fashion licensing company Authentic Brands Group. The New York-based retailer said ...
On Friday morning, Authentic Brands Group officially became the new owner of Barneys New York in a $271 million deal that is expected to result in the closure of most if not all stores. It's been ...
Luxury retailer Barneys New York Inc is close to being sold to licensing firm Authentic Brands Group LLC after a competing bid from a trade show executive failed to qualify for a bankruptcy ...
NEW YORK/PARIS (Reuters) - Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, pushed to the brink by falling revenue and soaring rent at its stores that ...
The addition included a unisex beauty salon and restaurant, antiques, and accessories, gifts, and housewares departments. It accounted for about one-third of Barneys' sales of some $90 million the following year. In 1988, Barneys opened a 10,000-square-foot (930 m 2) men's store in the World Financial Center.
In the 1950s, Barneys sold more suits than any other single store in the world, employing 150 tailors. [5] In the 1960s, his son Fred changed the focus of the business and starting advertising to customers who were not as price sensitive and began to carry expensive suits and coats. [2] He changed the name to Barneys New York. [2]
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