Barneys New York bankruptcy (2019-2020)
Barneys, a luxury department store in New York, filed for bankruptcy in August 2019 after years of financial struggles. It was acquired by Authentic Brands Group, but its stores closed by early 2020.
Barneys' flagship store on Madison Avenue closed, and hundreds of workers lost their jobs.
The Barneys brand was licensed to other retailers, but the physical stores were gone.
Like Mezz57th, Barneys was a luxury New York business that filed for bankruptcy but couldn't survive in the long term.
