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Luxury Department Store Barneys Is Bankrupt

2019-08-06 5 Dailymotion

Luxury Department Store <br />Barneys Is Bankrupt.<br />Besides the Chapter 11 filing, the company <br />has announced that 15 of its stores <br />nationwide will shut down.<br />The bankruptcy news comes after it was <br />revealed that CEO Daniella Vitale <br />has been unable to find a buyer.<br />Affected locations include Barneys stores in Las Vegas and Chicago.<br />At least seven warehouses <br />affiliated with the luxury chain <br />will also be closed.<br />Stores that will remain open include the Barneys <br />on NYC's Madison Avenue and ones in <br />San Francisco and Beverly Hills.<br />According to 'The New York Post,' <br />the company's online platform, <br />Barneys.com, will also <br />not be taken down.<br />Neither will fellow website BarneysWarehouse.com.

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