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Authentic Brands Survives Surge of Last-Minute Bids to Buy Barneys

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Authentic Brands wins Barneys, but the bankruptcy court still has to give the official okay before it can close on the $271.4 million deal.
Inside the Barneys' Chelsea store.
CREDIT: Shutterstock

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Authentic Brands Group withstood a flurry of last-minute scrambling by rivals who failed to come up with a winning bid to buy embattled luxury retailer Barneys. Jamie Salter, ABG CEO, confirmed Thursday that the company had won the bidding for Barneys, and that Monday’s auction has been canceled. The $271.4 million deal is subject to approval…

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