Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers B > Headlines for Barneys New York Inc. > News item |
Barneys New York granted court approval of $271.4 million asset sale
By Caroline Salls
Pittsburgh, Nov. 1 – Barneys New York Inc. obtained court approval to sell substantially all of its assets, according to an order filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
As previously reported, Barneys entered into a $271.4 million stalking horse bid agreement with Authentic Brands Group entity ABG-Barneys, LLC and B. Riley Financial, Inc.
The company said $27 million will be advanced by B. Riley as part of a wind-down budget.
Barneys is a New York-based luxury specialty retailer. The company filed bankruptcy on Aug. 6 under Chapter 11 case number 19-36300.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.