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Department store Barneys New York explores bankruptcy -sources

Luxury department store Barneys New York Inc is exploring a bankruptcy filing as it struggles with high rents and changing consumer tastes, people familiar with the matter

The nearly 100-year-old department store, known for its high-end designer collection, is working with law firm Kirkland & Ellis LLP to prepare for a potential bankruptcy filing that could come in the coming weeks, one of the sources said.

Should it file for bankruptcy, Barney’s would be one of the most high-profile victims of the downturn in retail.

(Production: Mana Rabiee)

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