By and
with contributions from Jean E. Palmieri
 on October 24, 2019

Sam Ben-Avraham’s last-minute — and underfunded — push to buy Barneys New York ultimately came up short on Thursday as the company and the unsecured creditors committee decided to forgo a planned auction on Monday.

That sets the bankrupt retailer up to be sold to Jamie Salter’s Authentic Brands Group, which plans to liquidate its inventory while installing shop in shops in Saks Fifth Avenue and potentially keeping some stores open.

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