Authentic Brands, the licensing company that owns brands like Aeropostale and Juicy Couture, has put in a $271 million bid with B. Riley Financial to buy Barneys out of bankruptcy.
Authentic Brands Group, the licensing company that owns brands like Aeropostale and Juicy Couture, has put in a $271 million bid with B. Riley Financial to buy Barneys out of bankruptcy, according to court filings.
A pedestrian walks past a window display at Barneys New York department store in New York, U.S., on Thursday, Jan. 22, 2009.If the company trying to buy Barneys New York gets its way, there could be many more Barneys popping up inside Saks stores in the near future. In bankruptcy, the retailer has whittled down its size from more than 10 of its namesake stores to five. While experts have said Barneys' brand in the luxury space remains strong, the future of its remaining stores has been in question.
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