Headlines

Barneys Exploring Bankruptcy

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

Published

5 years ago

July 15, 2019

VMSD Staff

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.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design