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Barneys may grow big-time, if acquired

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November 4, 2019

A $271 million bid to acquire luxury retailer, Barneys, could mean big footprint growth in 2020.

Barneys has approved the bid from licensing firm Authentic Brands Group, according to a New York Post report. If all goes through the company plans to open 41 stores, inside of Saks locations, in the U.S. and Canada.

When Barneys filed for bankruptcy this past summer it had 22 stores and was gearing up to close 14, according to the report.