Some billionaire hedge-fund managers buy sports teams. Richard Perry snapped up Barneys.
Some billionaire hedge-fund managers buy sports teams. Richard Perry snapped up one of New York’s most influential luxury department-store chains.
Mr. Perry’s passion project—Barneys New York Inc.—filed for chapter 11 bankruptcy protection early Tuesday morning with a financing package in place that closes the majority of its stores. The loan was expected to give the retailer two months to find a buyer, or face liquidation. Barneys’ troubles reflect the litany of woes hurting retailers across the U.S.: The company faced a...
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Barneys Files for Bankruptcy, Plans to Close Most StoresThe luxury retailer filed for bankruptcy protection and reached an agreement for a financing package to give the luxury retailer time to find a buyer, as the company plans to close several stores.
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Luxury department store Barneys files for bankruptcy: New York TimesU.S. luxury department store chain Barneys New York Inc filed for Chapter 11 ban...
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Luxury department store Barneys files for bankruptcy protectionU.S. luxury department store chain Barneys New York Inc filed for Chapter 11 ban...
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