Luxury department store Barneys files for bankruptcy: New York Times
U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 ban...
Barneys struck a deal for $75 million in additional financing with two firms, Gordon Brothers and Hilco Global, to help it keep operating while it navigates bankruptcy court, according to the newspaper report.
dont you dare die on me sears
That is on top of pressure from online retailers that have emerged with the rise of Amazon.com Inc (
However, its Madison Avenue store will stay open, and its nine-floor footprint will also remain the same, the NYT said.
Reuters reported in July that Barneys was exploring options, including filing for a bankruptcy with the assistance of law firm Kirkland & Ellis LLP.Read more: Reuters Top News
My store... .. must be that 'good' tRump economy Another brick and mortar retailer bites the dust, taking jobs, tax revenues, & building rent out of the economy with it You know Manhattan real estate is sorely out of whack when Barney’s can’t afford its rent!! 😳 People finally got tired of wearing all black - except for antifa - and they can’t afford BarneysNY
Barneys, a nearly century-old icon of New York retail, files for bankruptcy'The entire industry is in survival mode,' Barneys CEO Daniella Vitale told employees earlier this year, according to a recording obtained by CNBC. 'The model is not working, it's not working for us, it's not working for Saks, it's not working for Nordstrom.' But I thought this high-end weed merch was gonna save them They were outrageously expensive even for NYC
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