Barneys New York Poised to Disappear From Beverly Hills Landscape as Sales Expand
Posted Wednesday, November 27, 2019 - 4:49 pm
Gone are the intricate window displays previewing couture finds inside Barneys New York on Wilshire Boulevard, replaced now by stark wording about the store closing sale.
The liquidation sales at Barneys New York stores across the country began almost immediately after licensing company Authentic Brands Groups (ABG) purchased Barneys brands and other intellectual property for just north of $271 million on Nov. 1. B. Riley Financial purchased all assets within the seven Barneys stores that are closing, which a B. Riley spokesperson valued at an estimated $500 million.
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