A group of fashion executives is preparing a roughly $220 million bid to buy Barneys out of bankruptcy, people familiar with the situation say
A group of fashion executives is preparing a roughly $220 million bid to take control of Barneys New York Inc., according to people familiar with the situation, as the bankrupt retailer seeks to avoid a liquidation.
The group is led by Sam Ben-Avraham, who founded the hip New York retail store Atrium in the 1990s as well as the streetwear brand Kith and also operates fashion trade shows. Mr. Ben-Avraham is assembling a consortium of retail veterans and brand investors to help fund the bid, the people said.
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