NEW YORK — The financial pressure is back on Barneys New York, which continues to be dogged by debt concerns and speculation that certain stores are struggling.
On Wednesday, the $700 million luxury retailer confirmed it has hired law firm Kirkland & Ellis LLP to help renegotiate its $200 million revolving credit loan due in September. Barneys also has a $280 million term loan due in September 2014 and a $180 million payment-in-kind loan due March 2016, but immediate concerns center on the revolver.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)