PAPERS CONFIRM NMG INTEREST IN BARNEYS NY
NEW YORK — The Neiman Marcus Group filed its request for copies of all documents connected to the Barneys Inc. bankruptcy case on Jan. 29.
A copy of the request was attained by WWD Wednesday, confirming a report that day.
Saks Fifth Avenue, which has long maintained that it might be interested in bidding on Barneys, is already on the list to receive the court papers.
Members of the law firm of Kaye, Scholer, Fierman, Hays & Handler, which represents NMG, could not be reached for comment.
NMG has long downplayed its interest as a potential bidder for Barneys, but the filing indicates NMG is not letting go of the possibility.
As reported, Dickson Concepts Ltd. is expected to present to Barneys its “definitive proposal” on its investment in the bankrupt retailer sometime in March. That proposal had been expected in mid-February, but is delayed because Dickson is still conducting its investigation of Barneys’ operations.
It is expected that once the Dickson proposal is made, other bidders may come forward. However, Barneys has the exclusive right to submit a plan of reorganization by May 5 and is seeking an investor to fund the plan.