Hudson’s Bay CoChairman Richard Baker won the support of proxy advisory firm Glass Lewis for the takeover of the Canadian retailer, just days after a rival adviser recommended stakeholders vote against the plan.
Renzo Rosso’s fashion group, which owns among others Diesel and Marni, will develop, produce and distribute through its subsidiary Staff International the collections of the French label designed by Christelle Kocher.
Barneys New York Inc’s flagship Madison Avenue outlet in Manhattan will remain open for at least another year in a slimmed-down form while the buyer of the luxury retailer’s brands negotiates with the store’s landlord.
Almost three months after Barneys declared bankruptcy, Authentic Brands Group announced on Friday that it has finalized its purchase of the department store retailer and laid out its future plans for the company.
Israeli businessman Samuel Ben-Avraham said on Wednesday he has submitted an offer for Barneys New York, challenging a $271 million bid for the bankrupt luxury department store from Authentic Brands Group.
Luxury retailer Barneys New York is close to being sold to licensing firm Authentic Brands Group after a competing bid from a trade show executive failed to qualify for a bankruptcy auction, sources have told Reuters.
U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank B. Riley Financial Inc, a court document showed.
The showrooms that took place on the sidelines of the recent Paris Fashion Week introduced a new generation of designers to buyers and the press. FashionNetwork.com takes a look at some of the stand-out brands.