We use first party and third-party Cookies to help us understand Website usage and to improve the content and offerings and to provide you advertising, analytics and other purposes related to your navigation habits. If you continue scrolling, we consider you accept the policy. You can read more about our cookie policy.

The global fashion business journal

Oct 19, 20196:46am

Barneys: countdown to bankruptcy

The New York department store stated last week that was actively seeking for opportunities to “reinforce its balance sheet and ensure its long-term growth”.

Jul 23, 2019 — 4:00pm

Barneys: countdown to bankruptcy



Barneys, a step closer to bankruptcy. The New York department store could file for bankruptcy as soon as this week, according to WWD. The company admitted last week that it was actively seeking for opportunities to reinforce its balance sheet and ensure its long-term growth.


The company reflects multiple late payments to its suppliers due to the lack of cash, increased after the rise in the rent of its flagship store in Madison Avenue (New York). Despite this, brands continued in the company´s side, that has enough stock to face the following months.





Barneys is one of New York´s most historic department stores. The company that opened its first store in 1923, is specialized in positioning middle and high-end fashion brands such as Marc Jacobs, Prada, Jil Sander, Dries van Noten or Diane von Furstenberg.


The company filled for Chapter 11 bankruptcy protection in 1996, and after this sold its establishments in Japan and Singapore. If the company fills bankruptcy again, it will sum up to the big amount of American department stores in crisis, after Sears was saved of bankruptcy in the beginning of this year.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment