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Barneys New York files for bankruptcy
Luxury chain made famous by Sex and the City has debts of up to $500mBarneys New York, the US luxury department store chain made famous by Sex and the City, has filed for bankruptcy and put itself up for sale.The retailer, which first opened its doors in New York in 1923, said it would close 15 of its 22 stores, including flagship branches in Chicago, Las Vegas and Seattle, five small concept outlets and seven Barneys Warehouse discount stores. Barneys’ flagship shops on New York’s Madison Avenue, and in Beverly Hills, San Francisco and Boston, are to remain open. Continue reading...
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