By
with contributions from Sindhu Sundar
 on August 6, 2019

Barneys New York filed for bankruptcy in the early hours Tuesday, sunk by soaring operating costs and shifts in the luxury market.

The drama leading up to the filing captivated the fashion industry for months as the 96-year-old luxury retailer scrambled to fix its finances after rent at its Madison Avenue flagship nearly doubled to $30 million — only to fail and leave unpaid bills with a long list of designer names.

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