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.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus