Barneys news and archive

Authentic Brands Group's acquisition strategy: A look at the past five years

The American Authentic Brands Group (Authentic) is becoming an increasingly important player in the fashion industry, partly thanks to the various acquisitions it has made in recent years. The group seems to be pursuing a buy-and-build strategy and already has more than 40 brands in its portfolio. If you have lost track of all recent...

Retail

The first 'Barneys at Saks' opens at Saks Fifth Avenue flagship

Saks Fifth Avenue has debuted its 'Barneys at Saks' retail experience in its New York flagship, after gaining licensing rights for the retailer back in 2019. This marks the first time Barneys has occupied brick-and-mortar retail space since the closure of its stores at the beginning of 2020. Authentic Brand Group purchased Barneys after the...

Retail

Debenhams and Arcadia Group could soon be under American ownership

Authentic Brands, the parent company that bought Barneys and Forever 21 when they collapsed into bankruptcy, is eyeing British fashion giants Arcadia Group and Debenhams. A report by the Telegraph said the American retail giant is in discussions with both administrators, which sees the UK businesses continue to trade despite the risk of 25,000...

Retail

Barneys online sales end

Barneys has ceased its online liquidation sales, with Barneys.com now redirecting to Saks Fifth Avenue's website, and Barneyswarehouse.com now redirecting to Saks Off 5th's website. The remaining merchandise from the websites will be transferred to Barneys stores that are scheduled to close. Store clearance at Barneys will continue through...

BusinessFeatured

Barneys swan song continues

Shoppers continue to bid farewell to Barneys New York, which was recently sold to ABG Group. While Barneys is expected to continue to live on in some form (A licensing deal could see it as a shop-in-shop within Saks Fifth Avenue stores), their customers have been anxiously awaiting for the department store chain to start some real discounts on...

RetailFeatured

Barneys Madison Avenue to remain open for at least another year

For those still mourning the end of Barneys as we know it, it will be a bit longer before Barneys sings its final swan song. The Madison Avenue flagship location will remain open for at least another year as negotiations go on with their landlord. The store's renowned restaurant Fred's will also remain open during this time. “We have come to...

Management |OPINION Featured

Barneys New York, the tragic ending of an iconic retailer

New York has lost an iconic retailer. As Barneys caved to bankruptcy, its name will be sold to the likes of Saks, its inventory discounted for swift liquidation, and its stores, including the Madison Avenue flagship as we know it, closed for good. Authentic Brands Group took control of Barneys assets on Friday, acquiring the intellectual...

BusinessFeatured

ABG officially new owner of Barneys

It only took a three-month long auction process, but Authentic Brands Group and B. Riley Financial Inc. are the new owners of Barneys New York. The deal results in most of the retailer’s stores closing and its name will be licensed to Saks Fifth Avenue. The 271.4-million-dollar sale was approved in a bankruptcy hearing on Thursday morning,...

BusinessFeatured

Authentic Brands Group announces success in acquiring Barneys New York

After much speculation, Authentic Brands Group (ABG) announced on Thursday evening that it will acquire Barney’s New York. The global brand development company first placed a bid for the fashion company last week. ABG will acquire the Barneys New York label as well as its associated intellectual property, which includes Barneys, FiveSeventyFive,...

Management |UPDATE

Last-minute offer from private investors challenges Authentic Brands’ bid for Barneys

New York – A last-minute offer led by fashion label Kith’s investor Sam Ben-Avraham would have reportedly challenged the bid presented by Authentic Brands Group (ABG) to acquire ailing Barneys New York business. The upscale department store operator, which filed for bankruptcy in August, had been seeking proposals to best Authentic Brands’ 271...

Business

Barneys could be saved by Authentic Brands-Saks Fifth Avenue deal

Luxury US department store Barneys is reportedly nearing a roughly 270 million dollar deal to be sold to licensing firm Authentic Brands Group (ABG), according to sources close to the matter. The deal, which was first reported by The Wall Street Journal, would see ABG license the brand to Hudson’s Bay Co, the owner of department store chain Saks...

ManagementFeatured

Has Barneys New York found a last-minute saviour?

New York - A potential buyer is said to be preparing a bid to take control of luxury department store Barneys New York, which filed for bankruptcy protection in August. Shall this deal go forward, the retailer would avoid liquidation. A group of fashion executives, led by fashion and entertainment executive Sam Ben-Avraham, is preparing a bid of...