Barneys creditors push plan to salvage the company

Barneys’ creditors are still holding out hope that an underdog bidder will keep the iconic luxury retailer’s doors open. Ahead of a Halloween-day hearing to finalize the sale of Barneys, the retailer’s unsecured creditors demanded to review a second acquisition bid that would save the department store. But it is unknown whether the bid will even come in before the hearing. The leading bidder appears to be Authentic Brands Group, which owns the intellectual property

source https://therealdeal.com/2019/10/30/barneys-creditors-push-plan-to-salvage-the-company/