A $270 Million USD Barneys Rescue Plan Could Give Saks Fifth Avenue Licensing Rights

Back in August, luxury department-store chain Barneys officially filed for Chapter 11 bankruptcy protection. Even though the company needed to shut down 15 out of its 22 stores as a result, it announced through an Instagram campaign that "Barneys is here to stay." There may be truth in that statement, as the company is close to securing a $270 million USD deal with Authentic Brands, parent company of Volcom, Aéropostale and more.According to The Fashion Law and Reuters, the multi-faceted deal w...