A group of fashion executives, led by Sam Ben-Avraham, is preparing a bid of about $220 million, the Journal reported. At a bankruptcy hearing Thursday, Barneys' lawyer said it was in negotiations with a buyer.
A group of fashion executives, led by Sam Ben-Avraham, is preparing a bid of about $220 million, the Wall Street Journal reported.
A Barney's store stands in lower Manhattan on August 06, 2019 in New York City. Barneys, one of America's most exclusive clothing stores, has filed for bankruptcy.A potential buyer is preparing a bid to take control of bankrupt luxury department store Barneys New York and help it stave off liquidation,A group of fashion executives, led by Sam Ben-Avraham, is preparing a bid of about $220 million, the Journal wrote, citing people familiar with the situation.
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