Barneys retail store in New York City.
Courtesy Image
1923
Barney Pressman pawns his wife’s engagement ring and uses the cash to open a 500-square-foot men’s discount clothing store on Seventh Avenue and 17th Street. His slogan: “No Bunk, No Junk, No Imitations.”
Thirties
Pressman gets cheeky with marketing, puts women encased in barrels by beer halls to distribute matchbooks with the store’s name and address, and runs “Calling All Men to Barney’s” radio spots echoing the Dick Tracy radio series.
Sixties
Barney’s son, Fred, transitions the store from discounter to luxury destination, collaborating with Hubert de Givenchy and Pierre Cardin to provide some European flair and pioneer men’s designer clothing.
Gene and Robert Pressman Thomas Iannaccone/WWD
Seventies
Fred Pressman’s youngest sons, Gene and Bob, join the family business and expand it into women’s designer clothing. Fred’s wife, Phyllis, curates the new Chelsea Passage home department. Giorgio Armani introduces his men’s wear to America via Barney’s.
Eighties
The apostrophe in Barneys is dropped; artist Ivan Chermayeff creates a new Barneys New York logo; the Co-op is born, and Japanese avant-garde designers pick Barneys to launch collections in the U.S.
1986
Barneys elevates its advertising using such photographers as Nick Knight, Herb Ritts and Steven Meisel and emerging supermodels like Linda Evangelista.
The women’s store on 17th Street, designed by Peter Marino and Andree Putman, opens and quickly becomes a downtown destination.
A seating area in the Barneys women’s store, designed by Peter Marino, in New York City. Archive/WWD
1990
Barneys launches an expansion, opening stores across the U.S., expanding into Japan.
1993
Barneys opens its elaborate, 230,000-square-foot, Peter Marino-designed French limestone flagship on Madison Avenue and stages a wild opening party attended by Bianca Jagger, Joan Rivers, Barbara Walters, Bobby Short, Peter Gabriel and other celebrities and Barry White performs.
1996
Barneys goes bankrupt after the expansion fails and debt piles up largely from the Madison Ave. flagship.
A WWD Cover from January 12, 1996. Archive/WWD
1997
Barneys shuts down its Chelsea store.
1999
A vulture fund led by Doug Teitelbaum swooped in to pull Barneys out of bankruptcy without the Pressman brothers who were ousted.
Aughts
Barneys continues to open stores in Boston, Dallas, Scottsdale, San Francisco and Las Vegas.
2004
Jones Apparel Group buys Barneys.
2007
Jones Apparel Group sells Barneys to the Dubai fund Istithmar for more than $800 million, more than twice the price Jones paid for Barneys.
2012
Perry Capital, led by Richard Perry, and Yucaipa private equity, led by Ron Burkle, take control of Barneys by swapping their debt holdings for equity stakes, shedding $540 million of the company’s $590 million in long-term debt and avoiding a second bankruptcy.
Barneys returns to Chelsea, New York. Nicholas Calcott/WWD
2016
Barneys returns to Chelsea and 17th Street with a new store on the same site as the original Barneys.
2019
Barneys goes bankrupt for the second time after months of declining traffic and sales and erratic payments to vendors.
Authentic Brands Group takes over Barneys through bankruptcy proceeding in $271.4 million deal.
*Certain dates attained from Barneys’ web site
