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Barneys Wants ‘Strong Digitally Focused Partner’ for Next Stage

  • Luxury retailer, in bankruptcy, eyes more experiences, food
  • It has a ‘tight timeline’ to exit this chapter, executive says
Barneys New York retail store in New York.
Barneys New York retail store in New York.Photographer: Victor J. Blue/Bloomberg

Barneys New York Inc., the upscale clothing retailer that filed for bankruptcy earlier this month, says it has a “clear, crystallized vision” for what it will look like post-restructuring. The challenge, an executive says, is pulling it off.

“We have a very tight timeline to come out of this chapter,” said Katherine Bahamonde Monasebian, chief digital and technology officer at the department store. “Our intention that we’re setting is to come out of this with a very strong digitally focused partner and emerge on the other side and really be able to -- with a healthier balance sheet and operating structure -- implement the vision of the company.”