In a leaked memo, Barneys CEO Daniella Vitale confirmed to employees that the bankruptcy court has approved Barneys' sale to Authentic Brands Groups, a move that would effectively shutter all Barneys stores. Vitale said that while there's a limited window of time for a bidder to rise up and reach an"alternative solution" that would prevent liquidation, the chance of that happening is"small.
In a leaked memo, Barneys CEO Daniella Vitale confirmed to employees that the bankruptcy court has approved Barneys' sale to Authentic Brands Groups, a move that would effectively shutter all Barneys stores. Vitale said that while there's a limited window of time for a bidder to rise up and reach an"alternative solution" that would prevent liquidation, the chance of that happening is"small.