Is Barneys the latest retailer to file for bankruptcy?

Published: 15-Jul-2019
Finance Retail

The ailing retailer has been struggling with high rents

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Luxury department store Barneys New York is reportedly considering a bankruptcy filing amid growing financial pressures due to high rent rates.

According to Reuters, the retailer is working with Kirkland & Ellis LLP to prepare for a potential bankruptcy which could come in the coming weeks.

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Barneys filed for Chapter 11 bankruptcy protection in August 2019, during a difficult period for US retailers

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