Barneys New York news and archive

Barneys New York to return in 2021

Yes, you can call it a comeback. Barneys New York is returning early next year under its new owner Authentic Brands Group (ABG) group. There were plans to give Barneys New York a proper revival this year, but they were delayed by the coronavirus pandemic. Two stores are set to open in the first quarter, over a year after Barney’s originally...

BusinessFeatured

Authentic Brands Group announces success in acquiring Barneys New York

After much speculation, Authentic Brands Group (ABG) announced on Thursday evening that it will acquire Barney’s New York. The global brand development company first placed a bid for the fashion company last week. ABG will acquire the Barneys New York label as well as its associated intellectual property, which includes Barneys, FiveSeventyFive,...

Business|UPDATE

Last-minute offer from private investors challenges Authentic Brands’ bid for Barneys

New York – A last-minute offer led by fashion label Kith’s investor Sam Ben-Avraham would have reportedly challenged the bid presented by Authentic Brands Group (ABG) to acquire ailing Barneys New York business. The upscale department store operator, which filed for bankruptcy in August, had been seeking proposals to best Authentic Brands’ 271...

BusinessFeatured

Has Barneys New York found a last-minute saviour?

New York - A potential buyer is said to be preparing a bid to take control of luxury department store Barneys New York, which filed for bankruptcy protection in August. Shall this deal go forward, the retailer would avoid liquidation. A group of fashion executives, led by fashion and entertainment executive Sam Ben-Avraham, is preparing a bid of...

Fashion |OPINION Featured

Barneys New York, a symbol of success in simpler times

For many of us Barneys New York is more than the Manhattan mecca of minimalist cool whose fortunes are currently being ruthlessly chronicled in the Wall Street Journal or Financial Times. While these hungry pundits banter over whether the company can be saved by Tuesday’s bankruptcy filing, the sufficiency of the 218 million dollar investment,...

Business|UPDATE Featured

Iconic US department store Barneys officially files for bankruptcy

New York-based department store Barneys has filed for Chapter 11 bankruptcy protection after weeks of speculation. It has entered into an agreement with Gordon Brothers and Hilco Global, whose affiliates have provided it with 75 million dollars of new capital to stay afloat during the proceedings. As part of the restructuring, Barneys announced...

Business

Barneys New York heads for bankruptcy

Barneys New York is moving forward with filing for bankruptcy protection and nearing an agreement with lenders for a financing package that would allow the company to find a buyer. The news was reported by the Wall Street Journal. The current restructuring plan calls for Barneys, whose store fleet includes 13 department stores and nine warehouse...

Business

Luxury retailer Barneys New York may file for bankruptcy, report says

American luxury department store Barneys New York Inc is said to be looking for options including a bankruptcy filing, reports Reuters citing people familiar with the development. It is understood that the store is finding it hard to survive amid high rents and changing consumer tastes and has roped in law firm Kirkland & Ellis LLP to prepare...

Fashion

Barneys New York launches podcast

Barneys New York is launching its first podcast with an eight-episode series celebrating fashion, style and culture, launching on May 2. The first season of ‘The Barneys Podcast’ will be an ‘In Conversation’ weekly discussion with designers including Rick Owens and Jonathan Adler, celebrity hair stylist Sally Hershberger, and chief content...