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Barneys, Global Symbol of Creative Cool, Files for Bankruptcy

Aug 06, 2019 - The New York Times

Barneys NY, the department store chain that once defined a certain Manhattan creative cool, confirmed weeks of speculation by announcing at midnight on Monday that it was seeking bankruptcy protection in order to restructure its business and pursue a sale.

To stay afloat during its Chapter 11 proceedings, the retailer, which is controlled by the hedge fund Perry Capital, has struck a deal for $75 million in additional financing with two firms, Gordon Brothers and Hilco Global. It plans to ...