Is Barneys the latest retailer to file for bankruptcy?

15-Jul-2019

The ailing retailer has been struggling with high rents

Image via Getty Images

Image via Getty Images

Luxury department store Barneys New York is reportedly considering a bankruptcy filing amid growing financial pressures due to high rent rates.

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According to Reuters, the retailer is working with Kirkland & Ellis LLP to prepare for a potential bankruptcy which could come in the coming weeks.

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