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Brooks Brothers, the storied Manhattan clothier, is filing for bankruptcy protection. The company that says it’s dressed 40 U.S. presidents has survived two world wars and navigated the “casual Fridays” phenomenon and a loosening of dress standards even on Wall Street, but the COVID-19 pandemic pushed the 200-year-old firm into seeking Chapter 11 protection Wednesday. Another men’s clothier, Barneys of …

Barneys New York officially being sold piece by piece

NEW YORK — Barneys New York, which once reigned in the world of high fashion, is now being sold piece by piece. Authentic Brands says it will license the Barney’s New York name to Saks Fifth Avenue with plans to reboot Barneys New York on Saks Fifth Avenue’s fifth floor. Saks will also launch Barneys New York shops in various …

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Bankruptcy judge approves sale of Barneys assets

NEW YORK — Barneys New York, the iconic luxury chain, says a bankruptcy judge has approved the sale of its assets to fashion licensing company Authentic Brands Group. Barneys New York filed for Chapter 11 bankruptcy protection in August, the latest retailer to buckle as shoppers move online. Barneys, controlled by New York hedge fund Perry Capital, listed more than …

Barneys New York

Forever 21 joins Barneys New York and Diesel USA in a growing list of retailers seeking bankruptcy protection as they battle online competitors New York: Low-price fashion chain Forever 21, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. Forever 21 joins Barneys …

Barneys seeks bankruptcy protection, closes most stores

NEW YORK — Barneys New York is filing for Chapter 11 bankruptcy protection, the latest retailer to buckle as shoppers move online. Barneys’ Manhattan landlord doubled the rent at its flagship store on Madison Avenue to nearly $30 million this year. “Like many in our industry, Barneys New York’s financial position has been dramatically impacted by the challenging retail environment …

Barneys files for bankruptcy

New York CNN Business — Barneys, an icon of America’s luxury clothing world for decades, has filed for bankruptcy. “Like many in our industry, Barneys New York’s financial position has been dramatically impacted by the challenging retail environment and rent structures that are excessively high relative to market demand,” Barneys CEO Daniella Vitale said in a statement. One notable store …

Barneys Files

Commentary: Barneys bankruptcy proves luxury retailers aren’t immune to industry turmoil

Barneys stores in New York City, Beverly Hills, San Francisco and Boston will remain open, as well as two Warehouse locations. Barneys isn’t a particularly large chain: Saks Fifth Avenue and Neiman Marcus are close competitors that have more stores. However, thanks to paparazzi photos of Kim Kardashian and other celebrities stopping by its stores, as well as the reputation …

Why Barneys’ high-end head shop may be the future of cannabis-related retail

The new high-end head-shop concept that opened inside Barneys New York’s Beverly Hills flagship last month is about more than $950 blown-glass bongs, $1,575 herb grinders and a concierge to help you order THC-containing vaporizer pens and pastilles for home delivery. I really wanted to address this cultural shift that’s happening.” RELATED: Cannabis, fashion brand cross-pollination turns over a new …

Tucked in a Barneys in Beverly Hills, a shop caters to the ‘luxury cannabis lifestyle’

On a recent Sunday afternoon, on the fifth floor of Barneys New York, Beverly Hills, Sally Hawthorne was among the customers checking out the High End — the department store’s newly opened “luxury cannabis lifestyle” shop — as clerks in black inspection gloves displayed various pot accouterments and answered questions from shoppers. Daniel Lyons came to Barneys on his day …