Barneys New York filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring rents and failing in its earlier attempts to find a buyer for the cash-strapped retailer.
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Barneys New York filed for Chapter 11 bankruptcy on Tuesday and put itself up for sale after facing soaring rents and failing in its earlier attempts to find a buyer for the cash-strapped retailer.
Luxury department store Barneys New York is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday.
The Gap Inc. confirmed on Monday that it has purchased premium kids’ fashion brand Janie and Jack from Gymboree Group Inc., following the children’s clothing retailer’s second filing for bankruptcy in January.
The Children's Place plans to buy $76 million in assets from children's clothing retailer Gymboree Group while Gap Inc. is buying assets including Gymboree's Janie and Jackie chain for $35 million.
Newly relaunched children's retailer Gymboree has announced a series of collaborations with fashion designer Rachel Zoe, including a curated list of Holiday looks and a co-designed Spring 2019 collection.
U.S. girls’ accessories retailer Claire’s Stores Inc has hired investment bank Lazard Ltd to advise it on ways to address its debt burden, as several brick-and-mortar store operators suffer from a drop in mall traffic.
American toy and clothing retailer Toys ‘R’ Us Inc got court permission on Tuesday to borrow more than $2 billion so it can stock up for the holiday season, a day after it filed for bankruptcy.
Payless ShoeSource is set to emerge from bankruptcy as soon as Wednesday and is banking on a strategy focused on bricks-and-mortar sales at a time when e-commerce is casting an ever-growing footprint on retail sales.
The back off from Abercrombie & Fitch on Monday about a potential sale shows that mergers and acquisitions for fashion retailers are not the easiest move, only braved by a select few and avoided after a certain age.
Debt-laden U.S retailer Eddie Bauer LLC has hired investment banks to explore strategic alternatives, including a potential sale of the company, people familiar with the matter said on Friday.