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Barneys Secures Enough Financing to Pay for Its Inventory

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

Bankrupt Barneys New York has received court approval on its $218 million debtor-in-possession financing facility. The approval was granted on Wednesday by Bankruptcy Judge Cecilia Morris in a Poughkeepsie bankruptcy court. According to an affidavit from Saul Burian of Houlihan Lokey, Barneys’ financial advisor, the final facility agreed to by Barneys, its lenders and the…

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