We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jun 23, 202412:27am

Barneys creditors greenlight the group’s restructuring plan

The American group of department stores filed for chapter 11 last August. In January, court filings of Barneys had projected having up to 4 million dollars in severance obligations

Feb 3, 2020 — 4:48pm

Authentic Brands plans license the Barneys brand to Saks Fifth Avenue and only keep several stores open. In recent months, in recent months, the company closed fifteen stores and currently has five full-price stores and two outlets.



Barneys creditors give the green light to the restructuring plan. The US department store has been approved by 82% of its creditors to launch a new plan. 


The plan is the culmination of the debtors’ unceasing efforts to realize the highest possible recoveries for stakeholders under extremely challenging circumstances,” the company said while presenting the plan to the New York bankruptcy court. 


The US group of department stores filed for chapter 11, the US equivalent to bankruptcy proceedings, last August. After several months of negotiations Barneys was acquired by Authentic Brands Group, which came to its rescue for 271 million dollars. 


Authentic Brands plans license the Barneys brand to Saks Fifth Avenue and only keep several stores open. In recent months, in recent months, the company closed fifteen stores and currently has five full-price stores and two outlets.

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