Barneys has secured $75 million in funding to keep some stores open and give it time to find a buyer for the company
Luxury retailer has secured $75 million in funding to keep some stores open and give it time to find a buyer for the companyBarneys New York Inc. filed for bankruptcy protection and reached an agreement with lenders for a financing package to give the luxury retailer time to find a buyer for the company.
In a news release early Tuesday, Barneys, which operates 13 department stores and nine warehouse stores, said that as part of the chapter 11 process it would shut most of its locations.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Luxury department store Barneys files for bankruptcy: New York TimesU.S. luxury department store chain Barneys New York Inc filed for Chapter 11 ban...
Baca lebih lajut »
Barneys, a nearly century-old icon of New York retail, files for bankruptcy'The entire industry is in survival mode,' Barneys CEO Daniella Vitale told employees earlier this year, according to a recording obtained by CNBC. 'The model is not working, it's not working for us, it's not working for Saks, it's not working for Nordstrom.'
Baca lebih lajut »
iPic Entertainment, luxury cinema pioneer, files for bankruptcy as rivals move iniPic Entertainment was one of the first companies to popularize dine-in luxury movie theaters, a concept that has since gone mainstream.
Baca lebih lajut »
Cinema Chain iPic Files For Chapter 11 Bankruptcy: Enter Netflix, Apple Or Amazon?Luxury cinema chain iPic Theatres filed for Chapter 11 bankruptcy this morning and announced it is pursuing a financial reorganization or a possible sale of the circuit. Could Netflix, Amazon or Apple be suitors?
Baca lebih lajut »
Luxury Cinema Chain iPic Files for Chapter 11 Bankruptcy, Eyes SaleThe company initiated bankruptcy court proceedings, saying it would 'seek approval of either a sale or a reorganization plan and emerge with a healthy balance sheet and new capital structure.'
Baca lebih lajut »
iPic Entertainment Files for Chapter 11, Will Pursue Sale (EXCLUSIVE)iPic Entertainment, the luxury theater chain that helped popularize the concept of dine-in moviegoing, has filed for Chapter 11 bankruptcy. It hopes to restructure its debt and has engaged investme…
Baca lebih lajut »