Barneys has secured $75 million in funding to keep some stores open and give it time to find a buyer for the company
Luxury retailer has secured $75 million in funding to keep some stores open and give it time to find a buyer for the companyBarneys New York Inc. filed for bankruptcy protection and reached an agreement with lenders for a financing package to give the luxury retailer time to find a buyer for the company.
In a news release early Tuesday, Barneys, which operates 13 department stores and nine warehouse stores, said that as part of the chapter 11 process it would shut most of its locations.
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