Barneys Says Sale to Authentic Brands Gets Final Court Approval

Nov. 1, 2019, 4:25 PM

A court gave the go-ahead for closing Authentic Brands Group LLC’s purchase of bankrupt retailer Barneys New York LLC on Friday.

  • “Earlier today, the court closed on the approved sale of Barneys New York to Authentic Brands Group, in partnership with Saks,” a Barneys representative said in an email. “We want to thank all of our hard-working employees, talented designers and vendors, and our loyal customers for being part of the storied history and iconic brand that is Barneys New York.”
  • Judge Cecelia Morris approved on Thursday Authentic’s $271 million bid to buy the retailer’s assets. A creditors’ representative...

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