Barneys Closer To Deal To Saks, Original Brands

Extravagance retail establishment Barneys has worked through an arrangement to be sold that could keep the Madison Avenue leader alive — though on a littler scale. Saks Fifth Avenue is collaborating with permitting firm Authentic Brands Group to obtain Barneys out of chapter 11 for $270 million, sources revealed to The Post. The arrangement, whenever endorsed by the court, could help spare three Barneys stores — in Beverly Hills, Midtown Manhattan and Boston — and give Barneys a nearness in flourishing Saks stores, these sources said. Under the arrangement, ABG…

Read More