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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 ...
Inside the battle for the luxury retailer. For premium support please call: 800-290-4726 more ways to reach us
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.
Barneys New York could be headed for a second trip to bankruptcy court, or into the hands of a Canadian department store company. A Bloomberg report Tuesday says the fashion-forward department ...
Barneys filed for bankruptcy again in August 2019, and the Beverly Hills store was expected to be one of five stores remaining in the company. [10] However, the remaining five locations began liquidation sales by November, [ 11 ] and the Beverly Hills store closed permanently on February 23, 2020. [ 12 ]
2019 was a tough year for some of the biggest retailers -- over 10 national brands have filed for bankruptcy this year, and the list continues to grow. Barneys and other shocking retail ...