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Authentic Brands Group Preps $270 Million Bid in Barneys Bankruptcy

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Authentic Brands is preparing a $270 million bid for Barneys, which could be reborn as shop-in-shops inside some Saks Fifth Avenue stores.
The Barneys New York flagship on Madison Ave.
CREDIT: Shutterstock

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Sam Ben-Avraham is out, and Authentic Brands Group is in. In the quest to rescue Barneys from going bust, ABG has been waiting patiently in the wings, and now it is ready to swoop in with a $270 million bid to save the bankrupt luxury retailer from liquidation. According to sources, the brand management firm…

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