×
3 801
Fashion Jobs
FRASERS GROUP
Warehouse Shift Manager - Day Shift
Permanent · SHEFFIELD
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · MACCLESFIELD
FRASERS GROUP
CRM Assistant
Permanent · SHIREBROOK
EVERLAST GYMS
General Manager - Everlast Fitness
Permanent · SOUTHPORT
BOOHOO GROUP
us Compliance Analyst
Permanent · MANCHESTER
HARRODS
Manager - Online Administration And Returns
Permanent · THATCHAM
FARFETCH
Senior Legal Counsel - Commercial
Permanent · LONDON
FRASERS GROUP
Delivery Manager
Permanent · BASINGSTOKE
CROCS
Key Account Manager - Mainstream, Departmental & Value Channel UK
Permanent · LONDON
FRASERS GROUP
Information Security Governance Analyst
Permanent · SHIREBROOK
L'OREAL GROUP
l'Oreal Luxe Multibrand Retail Account Manager
Permanent · London
COTY
National Account Manager
Permanent · London
TK MAXX
Loss Prevention Officer-tk Maxx High Street Kensington-Full Time
Permanent · London
HARRODS
Uniformed Security Officer - Thatcham Distribution Centre
Permanent · THATCHAM
HARRODS
Senior CRM Retention Executive
Permanent · LONDON
JOHN LEWIS
Section Manager Stock And Inventory – Nights
Permanent · BLETCHLEY
SELFRIDGES
HR Administrator (Part-Time)
Permanent · ENDERBY
SELFRIDGES
Digital Personal Shopping Content Manager
Permanent · LONDON
EVERLAST GYMS
General Assistant - Everlast Fitness
Permanent · POOLE
EVERLAST GYMS
General Assistant - Everlast Gyms
Permanent ·
ZARA
Zara High Wycombe - General Manager
Permanent · HIGH WYCOMBE
NEXT
Operations Manager - Liverpool Aintree Retail Park
Permanent · LIVERPOOL
Published
Oct 7, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Barneys in negotiations with $220 million bidder

Published
Oct 7, 2019

Bankrupt luxury department store operator Barneys New York Inc. is reportedly in talks with a potential buyer preparing a bid of $220 million in order to help prevent the retailer from going into liquidation.


The bid is reportedly being spearheaded by a group of fashion executives - Barneys New York

 
According to the Wall Street Journal, Barneys’ lawyer said that the company was in negotiations with a potential buyer during a bankruptcy hearing on Thursday, when a judge extended the deadline for bids until October 11.
 
Citing people familiar with the matter, the publication further reported that the bidder in question is a group of fashion executives led by Sam Ben-Avraham, whose impressive track record includes founding NYC-based menswear store Atrium and co-founding cult streetwear label Kith.

The executive is apparently gathering support from other retail vets and investors to raise funds for the bid.
 
“We are in advanced negotiations with a potential purchaser and intend to reach an agreement by next Friday,” said a Barneys spokesperson to the Journal, confirming the talks but offering no information concerning the identity of the bidder.
 
WSJ further highlighted that the bid is expected to include an asset-backed loan and cash, as well as a deal with the landlord of Barneys’ Madison Avenue and Beverly Hills stores.

Barneys filed for bankruptcy in August after a steep rent hike at its Madison Avenue flagship compounded issues the retailer was already facing due to increased competition from digital rivals.
 
At the time, the department store operator announced plans to close locations in Chicago, Las Vegas and Seattle, as well as five concept stores and seven Barneys Warehouse stores.
 

Copyright © 2023 FashionNetwork.com All rights reserved.