Barneys shopping for buyer – LinkedIn

Barneys, the luxury retailer in bankruptcy protection, may have found a buyer to help it avoid liquidation, reports The Wall Street Journal, citing anonymous sources. A group of fashion investors is said to be behind a potential $220 million takeover bid. Earlier this week, a judge granted Barneys an extension to Oct. 11 to find a buyer. The New York based retailer filed for Chapter 11 bankruptcy protection in August and said it would close the majority of its stores and warehouses.

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By Alessandra Leone
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