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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 ...
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 nearly-century-old retailer has a tough road ahead of it.
On August 6, 2019, Barneys New York filed for bankruptcy once more. [24] On October 25, 2019, Authentic Brands Group announced it had bought the company for $271.4 million (~$319 million in 2023). Barneys brick-and-mortar format was eliminated with the future of the business to be announced.
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 ...
In 1977, Barneys added women's apparel, housewares, cosmetics, and gifts. By the time of his death in 1991, Barney's had $200 million in sales. [ 2 ] In January 1996, Barneys filed for bankruptcy protection after a dispute with its Japanese lender.
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