Connect with us

Headlines

Barneys Exploring Bankruptcy

The luxury department store retailer is considering options with its law firm

mm

Published

on

Luxury department store Barney’s New York (New York) is reportedly exploring bankruptcy due to rising rents and changing shopper behaviors, according to The Guardian. The retailer is weighing bankruptcy and other options on the advice of its law firm Kirkland & Ellis.

“We continue to work closely with all of our business partners to achieve the goals we’ve set together and maximize value. To that end, our board and management are actively evaluating opportunities to strengthen our balance sheet and ensure the sustainable, long-term growth and success of our business,” the company said in a press release.

Advertisement

SPONSORED HEADLINE

7 design trends to drive customer behavior in 2024

7 design trends to drive customer behavior in 2024

In-store marketing and design trends to watch in 2024 (+how to execute them!). Learn More.

Promoted Headlines

Most Popular