Home / Tag Archives: Barneys

Tag Archives: Barneys

The end of Barneys, the shop that made us want fashion

A campaign by entrepreneur Sam Ben-Avraham failed to save Barneys as a destination for stationary retail. The demise of the business is for the employees who are going to lose their jobs, for the sellers who are going to lose money, and for the effects of the liquidation of the business on the luxury retail industry in general, a heartwarming …

Read More »

The mood after the bankruptcy of Barneys sinks into chaos

Following the news this week that nearly 800 Barneys employees in New York could lose their jobs in just two weeks, Page Six learns that some employees of the bankrupt luxury retailer did not take it well. A staff member was overheard In town, a friend tells the scene: "It's a three-hour lunch to get drunk, things are not paid, …

Read More »

Barneys files for bankruptcy – CNN

The New York-based retailer filed for Chapter 11 bankruptcy early Tuesday morning. A statement said it had received $ 75 million from Hilco Global and Gordon Brothers Group subsidiaries to meet its financial obligations "The challenging retail environment and the excessively high leases in relation to market demand," Barney CEO Daniella Vitale said in a statement. The bankruptcy filing will …

Read More »

Barneys explores possible bankruptcy filings in July and signs up for a rent increase in Manhattan

Luxury retailer Barneys New York is preparing for a petition for bankruptcy, which could go to CNBC later this month. Barneys faces a liquidity crisis triggered by a rent hike Manhattan flagship, law firm Kirkland & Ellis and financial advisor has hired an M-III partner to help with the potential preparations, the people said. The advisors are currently examining a …

Read More »