The August bankruptcy filing of Barneys New York marked the downfall of a beloved luxury retailer. Within months, with Kirkland & Ellis and Katten Muchin Rosenman leading restructuring efforts, the company known for catapulting up-and-coming designers into the mainstream closed 15 of its 22 stores and announced the rest would shutter too.
But emerging from the brand’s liquidation was a valuable asset. It wasn’t the inventory—luxury goods selling at steep discounts—or real estate, which had become an ever-greater burden as rents rose. Instead, it was Barneys’ intellectual property, which was purchased at the beginning of November for $271 million by Authentic Brands, the company that also owns the IP of other ill-fated retailers such as “tween” clothier Aérpostale, shoe store Nine West and Sports Illustrated.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]