Barneys Store In Beverly Hills Closing As Part Of Bankruptcy

BEVERLY HILLS, CA — Barneys New York, which once reigned in the world of high fashion, is now being sold piece by piece, including a store in Beverly Hills.

In August, the ritzy retailer announced it had filed for bankruptcy and would shutter 15 stores across the U.S. Friday, however, Great American Group and Tiger Capital Group announced that store closing sales would begin at the five flagship Barneys New York stores, including the Beverly Hills store, and at Barneys Warehouse locations. A subsidiary of B. Riley Financial, Great American Group provides retail liquidation services; Tiger Capital Group provides asset valuation, advisory and disposition services.

Exclusive private sale events "for Barneys' most loyal customers" began this week. The closing sales are being conducted in conjunction with Barneys' Chapter 11 filing.

"Barneys is a cultural institution synonymous with high-end fashion, creative style and grace. This is a once-in-a-lifetime opportunity for its most loyal customers to buy items that rarely go on sale at markdown prices. We encourage shoppers to visit their nearest Barneys location to take advantage of this sale before this highly exclusive merchandise sells out," said Scott Carpenter, president of Retail Solutions with Great American Group.

Barney's gift cards can be redeemed through Nov. 7, 2019 in accordance with the Bankruptcy Court order, according to B. Riley Financial.

In addition to the Beverly Hills location at 9570 Wilshire Boulevard, a liquidation sale and subsequent closure also began at the Barneys warehouse store at Woodbury Common in Central Valley New York.

Additionally, five Barneys flagship stores are also holding liquidation sales prior to closure:

• Madison Avenue at 660 Madison Avenue in New York, NY
• Downtown New York at 101 Seventh Avenue in the Chelsea district of Manhattan
• San Francisco at 77 O'Farrell Street in downtown Union Square
• Copley Place at 100 Huntington Avenue in Back Bay Boston
• Livermore at 2626 Livermore Outlets Drive

Customers can also participate in the sale online by visiting Barneys.com and BarneysWarehouse.com.

Related: Barneys Goes Bankrupt; Beverly Hills Store To Remain Open

Patch staffer Toni McAllister contributed to this post