Well another one bites the dust!! According to reports Barney’s is another store on the long list of companies that filed for bankruptcy. Reports say the company did secure $75million to cover some debt. Barney’s has been around for about 100 years and has a large staff of full time employees. Something to the tune of 2300 employees. TheShaderoom is reporting:
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TSR STAFF: Christina C! @cdelafresh ____ Well, you can still turn Neiman's out, but as far as #Barneys goes, the luxury clothing retailer has filed for #Chapter11 bankruptcy. ______ The high-fashion brand said in a statement this morning that it had also secured $75 million to help meet its financial commitments, @cnn reports. ______ "Like many in our industry, Barneys New York's financial position has been dramatically impacted by the challenging retail environment and rent structures that are excessively high relative to market demand," Barneys CEO Daniella Vitale said in a statement. The bankruptcy filing will allow the company "to conduct a sale process, review our current leases and optimize our operations," she added. ______ Barneys has been around for almost 100 years and has 2,300 employees. Unlike other retailers that rely on a lot of part-time workers, 90% of Barneys'-click the link in our bio to read more. 📸: @gettyimages
Wow!! Maybe the bright side in all of this could be deals for consumers. Who knows?