Home / Knowledge / News / Retail / Authentic Brands Group to Acquire Barneys New York

Authentic Brands Group to Acquire Barneys New York

Oct '19
Pic: Authentic Brands Group
Pic: Authentic Brands Group
New York City-based Authentic Brands Group (ABG) recently announced that it has emerged as the successful bidder to purchase the intellectual property of Barneys New York. Through this acquisition, ABG will enhance its luxury footprint and further establish its position as a leader in contemporary fashion, the company said in a statement.

“We are thrilled that our offer for Barneys has been accepted,” said ABG founder-chairman and chief executive officer Jamie Salter.

ABG will leverage its international scale, marketing expertise and network of best-in-class partners to grow Barneys’ presence as a global luxury retailer and lifestyle brand. Its initial focus will be on high fashion collaborations, namesake products, lively dining and premium shopping experiences.

ABG’s marketing division will drive growth for Barneys while maintaining its elevated aesthetic through innovative creative, original content and engaging campaigns. The Barneys brand narrative will be powered by Winston, ABG’s proprietary network of creators, curators and connectors, who have a combined reach of more than 150 million followers on social media.

Following ABG’s purchase of the Barneys intellectual property, Saks Fifth Avenue will become the retail partner for the brand in the United States and Canada.

Upon the closing of the transaction, ABG will acquire Barneys New York and the associated intellectual property including Barneys, FiveSeventyFive, Connor New York, Freds and Freds Foods, The High End and The Drop.

ABG will selectively license the brand around the world to support the growth of the Barneys-branded merchandise program.

It will also maintain Barneys’ current licensing agreement with Seven & i Holdings, which operates 12 Barneys retail stores in Japan. The stores will remain open.

The sale is subject to final approval by the United States Bankruptcy Court for the southern district of New York at a hearing on October 31 and the customary closing conditions set forth in the purchase agreement. The transaction is expected to close by November 1.

Fibre2Fashion News Desk (DS)

Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

Silverio Baranzano, Fitesa

Silverio Baranzano

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Shaan Sethi, Jaanuu

Shaan Sethi

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Helly Hansen Far East Ltd
The LYCRA Company Singapore  Pte. Ltd
Calvin Klein
Lacoste (Wanchai)
Lisa S.P.A.
Target Corporation (MN)
T.T. Limited
Lululemon Athletica Inc
Vianney Textil Hogar S.A. De C.V.
OVS Hong Kong Sourcing Ltd.
Tommy Hilfiger
Aquarelle Clothing Limited
Truetzschler India Private Limited
Cat Tuong Real Estate Group Joint Stock Company
Sportmaster Ltd.
Rayonese Textile Inc., Division de Culp Inc.
Rosset ;& Cia Limited
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Sportswear Company Spa
Grasim Industries Limited
Groz-Beckert East Asia LLP
Phong Phu international JSC (PPJ)
IKEA of Sweden AB
LC Waikiki
Gloria Jeans
SHAHI Exports Pvt Ltd
KAS Direct Sourcing
Guess Europe Sagl,
Bluestem Global Sourcing Limited
C;&A Sourcing International Ltd
Chico’ FAS
Alix Partners
Chori Company Limited
NITI Aayog
Tchibo GmbH
Midas Clothing Limited
J ;& P Coats
PVH Corporation
Eastman Chemical Company
Desigual - ABASIC, S.A.
Benetton Group
H;&M Hennes ;& Mauritz (Far East) Ltd
Gap International Sourcing Limited
Seasalt Limited
Boardriders Asia Sourcing Limited
Hirdaramani International Export Private Limited
The Top Form Brassiere Manufacturing Company Limited
International Textile Manufacturers Federation
Hela Clothing Pvt Ltd
Green Fibre
Etam Group Strategy Hong Kong Limited
Brandix Lanka Limited
Amazon China
Page Industries Limited (Bangalore)
Esprit Europe Services GmbH
Arvind Limited
Sainsbury's Argos Asia Limited
Maceton Limited
G-Star Raw C.V.
Under Armour Global Sourcing Ltd
MAS Active / MAS Kreeda / MAS Bodyline
Landmark Group
Restoque S.A.
IDH – The Sustainable Trade Initiative
Recron Polyester from Reliance Industries Limited
Gatsby Africa
Varner AS Retail
Tory Burch Hong Kong Ltd
Gokaldas Exports Limited
Vardhman Textile Ltd
Alison Hayes Romania
Huntsman (Singapore) Pte Ltd
Sateri (Jiujiang) Fiber Co.,Ltd
Lenzing Aktiengesellschaft

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search