Luxury retailer Barneys New York may file for bankruptcy, report says

American luxury department store Barneys New York Inc is said to be looking for options including a bankruptcy filing, reports Reuters citing people familiar with the development. It is understood that the store is finding it hard to survive amid high rents and changing consumer tastes and has roped in law firm Kirkland & Ellis LLP to prepare for a potential bankruptcy, which could be announced in the coming weeks, the report added.