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Barneys US Stores to Close, Sold to Authentic Brands

No Last-Minute Bids to Keep Luxury Brand's Brick-and-Mortar Stores Open
Authentic Brands Group has purchased Barneys New York out of bankruptcy for $271 million. (Getty Images)
Authentic Brands Group has purchased Barneys New York out of bankruptcy for $271 million. (Getty Images)
By Jennifer Waters
CoStar News
November 1, 2019 | 11:16 P.M.

In the end, the theatrics fell short of a courtroom drama. But some Barneys New York loyalists and employees may consider the $271 million sale of the last bits of the luxury retailer to a brand marketing company a tragedy nonetheless.

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