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No ‘White Knight’ for Bankrupt Barneys but $218 Million DIP Financing Rolls In

Sourcing Summit NY — Join us on Oct. 17 for the must-attend apparel supply chain conference.

Barneys New York has garnered better financing terms for its debtor-in-possession facility to operate while in bankruptcy proceedings, and interim approval paves the way to fund payroll and get new inventory to its stores. Joshua Sussberg, the retailer’s bankruptcy counsel at Kirkland and Ellis, said at a court hearing on Tuesday for First Day Orders,…

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