It’s over for Barneys: Luxury retailer to be sold, stores closed

Its official: Barneys will been sold to Authentic Brands Group and B. Riley for about $270 million. The deal, approved by Judge Cecilia Morris in bankruptcy court Thursday morning, means that ABG, a brand merchandiser, will own the luxury department store’s intellectual property. It also will allow the new owner to partner with rival department store Saks Fifth Avenue to use Barneys’ name in its stores. It also means that, most likely, the new owners

source https://therealdeal.com/2019/10/31/its-over-for-barneys-luxury-retailer-to-be-sold-stores-closed/