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Joele Frank is handling the bankruptcy of Barneys New York, the luxury retailer that fell victim to the changing shopping environment and high rents relative to market demand.
The 96-year-old company, which employs 2,300 people, plans to keep its Manhattan, Boston, San Francisco and Beverly Hills outlets open and shutter stores in Chicago, Las Vegas and Seattle.
CEO Daniella Vitale said the Chapter 11 reorganization will provide Barneys the breathing room needed to conduct a sale process, review current leases and optimize operations.
She promised that the partnerships and relationships with the “world’s best designers and brands,” customers and employees will continue for “many years to come” as the company executes its “forward thinking vision of what retail should look like today.”
Meghan Repko, Dan Moore and Jacob Silber of Joele Frank Wilkinson Brimmer Katcher handle Barneys.
Collected Strategies handles media for Stillwater, OK-based USA Rare Earth as it acquires Brazil’s Serra Verde critical minerals miner and processor for $2.8B in cash and stock.
Gladstone Place Partners represents QXO Inc. as it agrees to buy TopBuild Corp., which relies on FTI Consulting, to create North America's second largest publicly traded building products distributor.
QVC Group is using Joele Frank for strategic communications as the TV home shopping pioneer declares Chapter 11.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
