Luxury Department Store Barneys Is Bankrupt.
Besides the Chapter 11 filing, the company
has announced that 15 of its stores
nationwide will shut down.
The bankruptcy news comes after it was
revealed that CEO Daniella Vitale
has been unable to find a buyer.
Affected locations include Barneys stores in Las Vegas and Chicago.
At least seven warehouses
affiliated with the luxury chain
will also be closed.
Stores that will remain open include the Barneys
on NYC's Madison Avenue and ones in
San Francisco and Beverly Hills.
According to 'The New York Post,'
the company's online platform,
Barneys.com, will also
not be taken down.
Neither will fellow website BarneysWarehouse.com.
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