Barneys considers bankruptcy as store faces uncertain future

Management said it was ‘actively evaluating opportunities’ as collapse of the store would be a significant, symbolic blow to retailAs manifestations of materialism go, few embody New York over the last two decades better than Barneys, the 250,000 sq-ft fashion emporium elevated to almost spiritual status by the designer-obsessed, shopaholic stars of Sex and the City.But last week reports emerged that Barneys might be headed toward bankruptcy, a fate partially triggered by a hike on its $16m a year lease to $30m. Continue reading...

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