Now that Barneys New York has handed primary ownership over to Perry Capitol in exchange for lowering its debt, good things could be in store. According to a statement by Barneys Chief Executive Officer Mark Lee, the freedom from the $590 million debt will allow the brand to “revitalize our stores, invest in Barneys.com and further enhance our customer experience at a time when our operational financial performance is very strong.” Women’s Wear Daily reports Dallas’ storefront’s slow traffic is still a concern for Barneys. Will this new transaction help Barneys breathe a little life back into the NorthPark flagship? Not sure, but it sure would be nice…
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