Barneys news and archive

Authentic Brands Group partners with Saks Global on luxury venture

Authentic Brands Group, the global brand development, marketing, and entertainment platform, is launching a joint venture with Saks Global to grow its luxury and accessible luxury brands, building on its successful collaboration with Barneys New York. The new venture, called Authentic Luxury Group, will leverage the combined capabilities of...

Retail|Beauty Featured

Hourglass opens pop-up concept store with Barneys New York

Hourglass, the cruelty-free luxury beauty brand, is celebrating 20 years of innovation and creativity by paying homage to the place where the brand got its start – Barneys New York, with the opening of a limited-time concept store. The pop-up, located at 14 Prince Street in Soho, New York, will be open to the public from September 5 to October...

BusinessFeatured

Authentic Brands Group's acquisition strategy: A look at the past five years

The American Authentic Brands Group (Authentic) is becoming an increasingly important player in the fashion industry, partly thanks to the various acquisitions it has made in recent years. The group seems to be pursuing a buy-and-build strategy and already has more than 40 brands in its portfolio. If you have lost track of all recent...

BusinessFeatured

Authentic Brands Group announces success in acquiring Barneys New York

After much speculation, Authentic Brands Group (ABG) announced on Thursday evening that it will acquire Barney’s New York. The global brand development company first placed a bid for the fashion company last week. ABG will acquire the Barneys New York label as well as its associated intellectual property, which includes Barneys, FiveSeventyFive,...

Business

Barneys could be saved by Authentic Brands-Saks Fifth Avenue deal

Luxury US department store Barneys is reportedly nearing a roughly 270 million dollar deal to be sold to licensing firm Authentic Brands Group (ABG), according to sources close to the matter. The deal, which was first reported by The Wall Street Journal, would see ABG license the brand to Hudson’s Bay Co, the owner of department store chain Saks...

BusinessFeatured

Has Barneys New York found a last-minute saviour?

New York - A potential buyer is said to be preparing a bid to take control of luxury department store Barneys New York, which filed for bankruptcy protection in August. Shall this deal go forward, the retailer would avoid liquidation. A group of fashion executives, led by fashion and entertainment executive Sam Ben-Avraham, is preparing a bid of...

Fashion |OPINION Featured

Barneys New York, a symbol of success in simpler times

For many of us Barneys New York is more than the Manhattan mecca of minimalist cool whose fortunes are currently being ruthlessly chronicled in the Wall Street Journal or Financial Times. While these hungry pundits banter over whether the company can be saved by Tuesday’s bankruptcy filing, the sufficiency of the 218 million dollar investment,...

Business|UPDATE Featured

Iconic US department store Barneys officially files for bankruptcy

New York-based department store Barneys has filed for Chapter 11 bankruptcy protection after weeks of speculation. It has entered into an agreement with Gordon Brothers and Hilco Global, whose affiliates have provided it with 75 million dollars of new capital to stay afloat during the proceedings. As part of the restructuring, Barneys announced...

Business

Barneys New York heads for bankruptcy

Barneys New York is moving forward with filing for bankruptcy protection and nearing an agreement with lenders for a financing package that would allow the company to find a buyer. The news was reported by the Wall Street Journal. The current restructuring plan calls for Barneys, whose store fleet includes 13 department stores and nine warehouse...

Business

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...