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Op-Ed: Barneys after Bankruptcy: The Charity Option

Join McKinsey & Company, NewTimes Group, Arvind Limited, Asmara, Google, Bluesign, the Retail Prophet and more at Sourcing Journal’s Virtual Sourcing Summit, R/Evolution: Overhauling Fashion’s Outmoded Supply Chain, Oct 14 & 15.

After Sourcing Journal broke the news of Barneys’ missed direct deposits, the fashion industry has been holding its collective breath in anticipation of the company declaring its second bankruptcy. However, despite its usefulness in getting past a company’s inability to pay its bills, bankruptcy typically does little to address the systemic challenges facing legacy brands…

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