Barneys New York files for Chapter 11 bankruptcy
Barneys New York said Aug. 6 that it filed for Chapter 11 bankruptcy protection and secured $75 million in new capital from Hilco Global and the Gordon Brothers Group. As part of the bankruptcy, Barneys New York is closing its physical store locations in Chicago, Las Vegas and Seattle, in addition to five smaller concept stores and seven Barneys Warehouse locations. Barneys locations in Madison Avenue, Downtown NYC, Beverly Hills, San Francisco and Copley Place in Boston, as well as two Barneys Warehouse locations, including Woodbury Common and Livermore, will remain open. Ron Burkle’s Yucaipa Cos and Perry Capital took ownership of Barneys New York, a luxury retailer, in a 2012 debt restructuring, PitchBook said.
6 August 2019•4 mins read
