What Small Brands Can Learn From The Barneys New York Bankruptcy
by MR Magazine Staff
Nov 15, 2019
As news of Barneys’s bankruptcy and subsequent sale spread, the collective mourning for a bygone retail era was tinged with at least some delight over the promised sales and steals that would clear Barneys stores of its unsold inventory before its new owner, ABG Group, closed the retailer’s doors for good. But what does that mean for the brands that supplied that inventory? Well, some of the most powerful fashion companies, like those owned by LVMH, won’t be included in the margin-slashing liquidation sales that apply to other products sold at Barneys; their goods are protected by contracts negotiated long before the Barneys bankruptcy rumors ever erupted. Read more at Fashionista.
