Barneys, a symbol of New York City luxury fashion, is reportedly weighing a second bankruptcy, after the retailer’s $16 million annual rent jumped to $30 million at its Madison Avenue flagship. The move comes after a city arbitrator decided last year to allow Ben Ashkenazy to nearly double the rent on the 275,000-square-foot flagship store at 660 Madison Avenue. About one-third of Barneys’ revenues comes from that store. The company has hired law firm Kirkland […]
source https://therealdeal.com/national/2019/07/19/ben-ashkenazy-jacked-up-the-rent-to-30m-now-barneys-is-weighing-another-bankruptcy/#new_tab
No comments:
Post a Comment