Barneys New York on the Block

Executive Summary

Barneys New York is on the block. The quintessential arbiter of cutting-edge fashion and design, notorious for its exposure on Sex in the City and for its iconic women’s shoe department, filed for Chapter 11 protection in August. As of October 21, two groups were bidding for the property:

• Authentic Brands Group filed its $271 million bid on October 20.
• Sam Ben-Avraham, cofounder of streetwear brand Kith, is putting together a consortium of fashion industry investors for a competing bid.
• Bankruptcy judge Cecelia G. Morris is expected to issue a ruling on the bids on October 24.