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Barneys Bankruptcy Draws Eclectic Group of Suitors

Barneys New York gained a bit more breathing room — and found it still has enough cache to gather at least a small crowd. The bankrupt retailer received five letters of intent from parties interested enough in buying all or part of the company to put pen to paper, according to sources. There are also said to be several other would-be buyers taking a close look at the company that could potentially jump into the process. Barneys’ potential buyers are an eclectic group. Trade show veteran and Kith backer Sam Ben-Avraham is said to be one of two players to have submitted letters of intent that envision a deal to buy the company as a going concern. Authentic Brands Group is also believed to have officially signaled its interest. Among the players staying close to the process, but not believed to have submitted letters of interest, are Nordstrom Inc. and Neiman Marcus-parent Ares. Another strategic player is said to be very active in its interest. ABG has been interested in Barneys since before the retailer’s August bankruptcy and WWD previously identified Ares as a player that considered the possibility of a deal. Nordstrom declined to comment and a representative for Ben-Avraham did not

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