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Barneys Bankruptcy Judge Signs Off on Deal to ABG, But Time Remains for Rival Offers

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

On Thursday, a bankruptcy court approved Authentic Brands Group’s $271.4 million offer to acquire bankrupt Barneys New York, but the sale isn’t official until the deal closes and the clock expires, which could buy just enough time for hasty hopefuls to swoop in with a competing offer. A rival bidder could keep Barneys’ stores open and…

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