Bankruptcy

News & Analysis

Barneys Ends Online Sales as It Prepares for New Ownership

27 December 2019 • By Bloomberg

27 December 2019 • By Bloomberg

The retailer suspended closeout sales on its websites and is transferring the remaining goods to Barneys stores slated to close.

News & Analysis

Barneys Ends Online Sales as It Prepares for New Ownership

The retailer suspended closeout sales on its websites and is transferring the remaining goods to Barneys stores slated to close.

News & Analysis

Debt-Laden Merchants Face Reckoning Amid Retail Apocalypse

24 December 2019 • By Bloomberg

24 December 2019 • By Bloomberg

Some of the most familiar names have already collapsed into bankruptcy or liquidated this year. Among the survivors, fates have diverged.

News & Analysis

Debt-Laden Merchants Face Reckoning Amid Retail Apocalypse

Some of the most familiar names have already collapsed into bankruptcy or liquidated this year. Among the survivors, fates have diverged.

Despite the End of Barneys Itself, a Happy Holidays for Its Retail Workers

16 December 2019 • By Cathaleen Chen

Despite the End of Barneys Itself, a Happy Holidays for Its Retail Workers

Some of the bankrupt store’s still-employed sales associates are determined to stick it out until the end of liquidation, thanks to high commissions and market demand for their skill set.

News & Analysis

Barneys Bankruptcy Leads to Rare Black Friday Deals

27 November 2019 • By Bloomberg

27 November 2019 • By Bloomberg

The luxury retailer is offering store-wide discounts of up to 35 percent on brands such as Prada and Bottega Veneta, in a bid to jettison remaining merchandise.

News & Analysis

Barneys Bankruptcy Leads to Rare Black Friday Deals

The luxury retailer is offering store-wide discounts of up to 35 percent on brands such as Prada and Bottega Veneta, in a bid to jettison remaining merchandise.

BoF Professional Exclusive

For Barneys' Brands, It's All About Damage Control

6 November 2019 • By Cathaleen Chen

BoF Professional Exclusive

For Barneys' Brands, It's All About Damage Control

Under the owner Authentic Brands Group, vendors will not only lose a long-term buyer but also endure deep discounts in Barneys liquidation sales.

News & Analysis

It’s Official: Barneys New York's New Owner Is Authentic Brands Group

1 November 2019 • By Cathaleen Chen

News & Analysis

It’s Official: Barneys New York's New Owner Is Authentic Brands Group

The licensing firm’s $271.4 million acquisition of the bankrupt luxury department store has closed, but there are plans to keep a physical footprint.

News & Analysis

Forever 21 Avoids Store Closures After Rent Cuts

1 November 2019 • By Bloomberg

1 November 2019 • By Bloomberg

The fast-fashion retailer will retain 60 of its US stores that were previously planned for closure after filing for bankruptcy in September.

News & Analysis

Forever 21 Avoids Store Closures After Rent Cuts

The fast-fashion retailer will retain 60 of its US stores that were previously planned for closure after filing for bankruptcy in September.

News & Analysis

Authentic Brands Declares Victory in Barneys Bid, But It's Not a Done Deal

25 October 2019 • By Cathaleen Chen

News & Analysis

Authentic Brands Declares Victory in Barneys Bid, But It's Not a Done Deal

Authentic Brands Group said it had succeeded in its bid for the luxury retailer, but two competing bidders say they are still in the running.

BoF Professional Exclusive

Why Kith's First Investor Hasn't Given Up on Saving Barneys

18 October 2019 • By Cathaleen Chen

BoF Professional Exclusive

Why Kith's First Investor Hasn't Given Up on Saving Barneys

With support from retail industry veterans including Andrew Rosen and billionaire Ron Burkle, Sam Ben-Avraham has raised $300 million for a competing bid against ABG and has his sight set on restoring Barneys to its former glory as New York’s coolest retailer.

News & Analysis

Authentic Brands Group Bids $271 Million For Barneys, Plans to Close All 7 Stores

17 October 2019 • By Cathaleen Chen

17 October 2019 • By Cathaleen Chen

The licensing group is the preferred bidder in an auction that runs through Oct. 22. If the bid succeeds, liquidation could start soon after.

News & Analysis

Authentic Brands Group Bids $271 Million For Barneys, Plans to Close All 7 Stores

The licensing group is the preferred bidder in an auction that runs through Oct. 22. If the bid succeeds, liquidation could start soon after.