Budget Diva

BdReports: Barney’s Co-Op headed to BK

Barneys has endured a mess of financial difficulties this year. They, like every other high-end department store, lost a bunch of money. They weren’t paying bills on time, forcing parent company Istithmar, despite its own financial woes, to pump $25 million into the chain. But last month billionaire Ron Burkle purchased a chunk of Barneys’s debt, which was seen as a long-term vote of confidence in all that Barneys has to offer even though he got it for 60 cents on the dollar. Same-store sales…Read more

Source: Ny Mag- The Cut