Authentic Brands Group, the global brand development, marketing, and entertainment platform, is launching a joint venture with Saks Global to grow its luxury and accessible luxury brands, building on its successful collaboration with Barneys New York. The new venture, called Authentic Luxury Group, will leverage the combined capabilities of...
10 Oct 2024
Hourglass, the cruelty-free luxury beauty brand, is celebrating 20 years of innovation and creativity by paying homage to the place where the brand got its start – Barneys New York, with the opening of a limited-time concept store. The pop-up, located at 14 Prince Street in Soho, New York, will be open to the public from September 5 to October...
4 Sept 2024
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...
13 Mar 2023
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...
18 Jan 2021
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,...
24 Oct 2019
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...
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...
16 Oct 2019
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...
4 Oct 2019
For many of us Barneys New York is more than the Manhattan mecca of minimalist cool whose fortunes are currently being ruthlessly chronicled in the Wall Street Journal or Financial Times. While these hungry pundits banter over whether the company can be saved by Tuesday’s bankruptcy filing, the sufficiency of the 218 million dollar investment,...
7 Aug 2019
New York-based department store Barneys has filed for Chapter 11 bankruptcy protection after weeks of speculation. It has entered into an agreement with Gordon Brothers and Hilco Global, whose affiliates have provided it with 75 million dollars of new capital to stay afloat during the proceedings. As part of the restructuring, Barneys announced...
6 Aug 2019
Barneys New York is moving forward with filing for bankruptcy protection and nearing an agreement with lenders for a financing package that would allow the company to find a buyer. The news was reported by the Wall Street Journal. The current restructuring plan calls for Barneys, whose store fleet includes 13 department stores and nine warehouse...
5 Aug 2019
American luxury department store Barneys New York Inc is said to be looking for options including a bankruptcy filing, reports Reuters citing people familiar with the development. It is understood that the store is finding it hard to survive amid high rents and changing consumer tastes and has roped in law firm Kirkland & Ellis LLP to prepare...
15 Jul 2019