Makers of luxury goods, as well as beauty firms, are aiming to bring in shoppers who are moving away from malls and other venues. Some firms are revamping their brick-and-mortar locations to make them into destinations worthy of day trips even as they move sales to eCommerce....
Former WeWork CEO and Co-founder Adam Neumann’s family office was in talks to buy Barneys New York when the embattled retailer was going through bankruptcy proceedings, according to a report by Bloomberg. Neumann’s family office was created to oversee his wealth, and was part of...
Brick-and-mortar retailers are teaming with logistics firms to test drones for delivery — and making progress on their experimental flights. UPS subsidiary UPS Flight Forward Inc. and CVS Health Corporation subsidiary CVS Pharmacy, Inc., for instance, recently announced the successful delivery of a prescription from...
As Barneys New York wades through bankruptcy, Saks Fifth Avenue and Authentic Brands have partnered to bid almost $270 million to buy the luxury specialty retailer, a source told The Wall Street Journal on Monday (Oct. 14). Under the proposal, Barneys departments would open in...
November 11, 2019
Former WeWork CEO and Co-founder Adam Neumann’s family office was in talks to buy Barneys New York when the embattled retailer was going through bankruptcy proceedings, according to a report by Bloomberg. Neumann’s family office was created to oversee his wealth, and was part of the proposed deal as a consortium headed by Sam Ben-Avraham. […]
October 14, 2019
As Barneys New York wades through bankruptcy, Saks Fifth Avenue and Authentic Brands have partnered to bid almost $270 million to buy the luxury specialty retailer, a source told The...
August 06, 2019
Struggling to compete with online brands, famed Big Apple luxury retailer Barneys New York has put itself up for sale and filed for bankruptcy protection, according to a report by...
July 25, 2019
Barneys New York’s bankruptcy filing could come as early as next week, as reports indicate the New York retailer is currently raising financing for said filing. Barneys has been hoping...
