After Bankruptcy Filing, Barneys New York Says It’s “Here to Stay”
"Two words: NOT CLOSED," the company wrote
Barneys New York filed for Chapter 11 bankruptcy back on Aug. 6th, but on Sunday (Sept. 8th), the luxury department store took to social media to reassure shoppers that they’re still open for business.
In an Instagram post captioned “Two words: NOT CLOSED,” the brand admitted that “like a lot of us out there, we have had our share of financial struggles. But, despite what you may have heard, Barneys is here to stay.”
“For nearly a century, we have worked to surprise and entice you, because we believe that shopping is a window into our culture, one that has the power to transport us and teach us new things,” the post reads. “To buy, to behold, to splurge, to strut, to indulge, to look fabulous are basic human instincts — and sometimes they can get us in trouble. Nevertheless, we are open for you. And this is so not our last season.”
Business Insider reports that Barneys will close 15 of its 22 stores. Its two New York stores, as well as locations in Beverly Hills, San Francisco and Boston, will remain open. You can read the company’s full message to shoppers below.
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