Barneys New York Has Officially Been Sold

Barneys New York has officially sold to Authentic Brands Group. Barneys CEO Daniella Vitale stepped down following the sale.

In August, Barneys New York announced that the company filed for bankruptcy. Kith investor Sam Ben-Avraham launched a Save Barneys NY campaign and reportedly bid $260 million to keep the retailer open but later withdrew his bid. On Thursday, October 31, Barneys' ongoing bankruptcy saga ended after a judge approved a deal to sell Barneys to Authentic Brands Group and B. Riley Financial Inc. for $271.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ELLE Magazine (US) /  🏆 472. in US

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

World's oldest fossil forest, 385 million years old, uncovered in New York, study saysAt a fossil site in Cairo, New York, researchers found the extensive root system which shows evidence of leaves and wood during the Devonian Period.
Read more »

New York prosecutors take down 100 MS-13 gang members and associatesNEW: The notorious MS-13 street gang in Suffolk County, New York, has been declared 'inoperable,' law enforcement officials tell ABC News.
Read more »

Strictly's Kevin Clifton and Stacey Dooley enjoy romantic New York stroll in the snowKevin Clifton and Stacey Dooley are enjoying their time across the pond, despite the frosty weather
Read more »