Friday, November 1, 2019

Iconic luxury retailer Barneys will likely close after bankruptcy judge approves its sale

ABC News
Famed luxury retailer Barneys New York is expected to be sold for $270 million following a federal bankruptcy court decision Thursday.

No other offer materialized by the time Judge Cecilia Morris approved the sale of Barneys to Authentic Brands Group, which had signaled it would close stores, including the Madison Avenue flagship, and license the name to Saks and other rivals.. . . more