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Barneys Considers Bankruptcy Loan With Great American Capital

  • Sale and leaseback of intellectual property may generate cash
  • Last-minute efforts to keep doors open at luxury retail chain
Employees at Barneys New York retail store.

Employees at Barneys New York retail store.

Photographer: Victor J. Blue/Bloomberg

Updated on

Barneys New York Inc. is in talks with potential buyers of the rights to its name and trademarks as its advisers search for ways to salvage the luxury retailer, according to people with knowledge of the matter.

Potential buyers include Authentic Brands Group LLC, a brand management firm that has snapped up intellectual property from several retailers in recent years, said the people, who asked not to be named discussing private negotiations. Bankruptcy is a likely option for Barneys, and a filing could come as soon as Monday evening, they said.