A cyberattack is being blamed for holding up paychecks from the remaining staff at the beleaguered Barneys New York. A source told Page Six on Wednesday (Jan. 8), “No one got paid last week. We were told a group of cyber hackers took over one...
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...
July 12, 2024
Barneys New York reportedly plans to expand both its product offerings and its distribution if the planned acquisition of Neiman Marcus Group by the owner of Saks Fifth Avenue is completed. The brand, which closed its U.S. department stores after its 2019 bankruptcy and is now owned by Authentic Brands Group, aims to sell a […]
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...
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...
