Barneys Files for Bankruptcy, Felled by Rivals and High Rent

August 6, 2019 – Media Mention
Bloomberg Law

Stephen Selbst, Partner and Chair of Herrick's Finance Litigation & Restructuring Department, was quoted in a Bloomberg Law article discussing the potential implications of going out of business sales at certain Barneys locations, "Barneys works with the crème de la crème of vendors, who don’t want their items hitting the market at discounted prices, and are probably not used to their merchants filing for bankruptcy. Their only possible recourse is to offer to buy back inventory to avoid it hitting the distribution channel, but that’s expensive. It’s going to be a walk into a very cold shower.”