By and
with contributions from Sindhu Sundar
 on July 26, 2019

The delicate dance between Barneys New York and its bankers has become a sprint for cover.

Barneys secured additional funding from its lead lender, Wells Fargo, this spring to help cover rent at the Madison Avenue flagship, which jumped dramatically to $30 million from $16 million. But when the tony retailer still didn’t have enough to make ends meet and returned to the bank recently to ask for the money needed to go through the bankruptcy process, Wells Fargo is said to have passed.

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