- United States
It appears Barney's has filed for Bankruptcy Protection and has secured $75M in financing for operating expenses until they find a buyer.
Exactly.The lease rate on its huge Manhattan flagship was doubled - that seems to have been the final straw from what I've read.
The bigger structural issue seems to be management never came up with a credible e-commerce effort / plan.
My take, wildly overpriced clothes are always a high-wire act - some will fall off especially in times of retail challenge and change.