'We have new financing that literally developed in the last 30 minutes,' testified Kirkland & Ellis' Josh Sussberg, 'for a company that only days ago stared down the barrel of a gun.'
Whether the same buyers will present themselves following Barneys filing is yet to be determined.
Over the past several years, Barneys had arguably over-expanded by moving into cities like Seattle, where its avant-garde style did not translate as well. As Barneys begins to close stores, it will move inventory to its remaining locations and its online store.
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