Wednesday, October 16, 2019

Barneys could end up at Saks, WSJ reports

Retail Dive
Authentic Brands Group is in discussions to buy the Barneys brand for some $270 million, in a plan that would entail licensing the brand to Saks Fifth Avenue, the Wall Street Journal reported. ABG, Saks and Saks owner HBC didn't immediately return Retail Dive's requests for comment. Barneys didn't immediately return Retail Dive's request for comment.

Saks would install Barneys departments in some of its stores as well as run its website, according to the report. Authentic Brands is also negotiating with Barneys landlords to keep some of those stores open, the Journal said.. . . more