• Barneys Seen Moving Ahead With Authentic Brands Bid

    1 month ago - By WWD

    Barneys New York is closer to getting its stalking horse bidder - but the future of the bankrupt company's stores remains in doubt.
    An attorney for the luxury retailer told New York bankruptcy Judge Cecelia Morris today that it was finalizing an official bid that is tied to a lender that has supported the company while it works through the Chapter 11 process.
    It wasn't finalized, though, and the debtor-in-possession lenders extended their deadline to the company until 5 p.m. Barneys' attorney Chad Husnick of Kirkland & Ellis LLP told the court that the retailer would continue its efforts...
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  • Ledbury Gets Capital Infusion, Opening New York Store

    1 month ago - By WWD

    Ledbury is celebrating its 10th anniversary with a cash infusion that it will use to fund its growth.
    The men's shirt specialist from Richmond, Va., has closed on a $4.5 million financing round led by Harbert Venture Partners, an early investor in the brand.
    Paul Trible, founder and chief executive officer of Ledbury, said the capital will be used to expand its brick-and-mortar presence, including a store in New York's Greenwich Village. A 1,600-square-foot store at 355 Bleecker Street, between Charles and West 10th Streets, is slated to open sometime next month.
    Ledbury operates two...
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