Authentic Brands Officially Buys Barneys for $271.4M USD, Iconic NYC Flagship to Possibly Close

There has been plenty of drama surrounding luxury NYC fashion retailer Barneys' bankruptcy, including a heated bidding war between Authentic Brands Group and KITH Investor Sam Ben-Avraham. According to Vogue, Authentic Brands Group has just walked away from the case victorious, officially purchasing the retailer for $271.4 million USD.The publication states that Judge Cecelia G. Morris made a final ruling to allow Authentic Brands to acquire Barneys' assets and intellectual property this morning...