What Pushed Barneys to the Brink

Fenty Beauty's Future, LVMH Results [View on Web]( [Add to contacts]( [New reader? Subscribe]( [BoF]( THE DAILY DIGEST ADVERTISEMENT [BoF Careers Find Your Place: July 24 - 27, 2019]( THE UPFRONT Dear BoF Community, To industry insiders, reports that Barneys is exploring bankruptcy did not come as a surprise. Rumours of the company’s financial troubles have been swirling for many months. But the tipping point came in January when Barneys had to bear a dramatic 72 percent rent hike on its sprawling Madison Avenue flagship, significantly eating into its thin operating profit and creating the cash crunch that has pushed the company to the edge. Today, Lauren Sherman [explores how Barneys found itself on the brink — and what it will have to do to survive.]( Imran Amed, Editor in Chief TODAY'S MUST READ [Intelligence]( [What Pushed Barneys to the Edge?]( BY Lauren Sherman [Once the first word on fashion, the Manhattan-based department store chain has long used the power of its cool factor to ride through its financial turmoil. But following a 72 percent spike in rent for its Madison Avenue flagship, cool may not be enough.]( To access this article, become a BoF Professional Member [JOIN]( TOP STORIES [The Business of Beauty]( [Does Fenty Beauty Have a Future in Asia?]( BY Rachel Strugatz and Zoe Suen [Rihanna’s two-year-old cosmetics label ignited an inclusive beauty movement and has generated massive sales. But as the brand prepares to enter Asia for the first time, it will need to adapt its messaging and product mix to find the same success.]( To access this article, become a BoF Professional Member [JOIN]( [News & Analysis]( [LVMH's Creative Reshuffles Pay Off]( BY Bloomberg [The luxury conglomerate's sales breezed past analysts’ estimates as creative revamps at its Louis Vuitton and Christian Dior fashion brands helped fuel growth.]( [NEWS BITES]( [Moncler and LVMH Set the Bar High for Luxury Competitors]( [eBay Is Planning New Shipping Service to Challenge Rival Amazon]( [VF Corp Beats Quarterly Revenue Estimates]( [Sports Direct Delays Full-Year Results to Meet Guidance]( [Nike Shoes From 1972 Beat World Record Auction Price]( [DAILY DIGEST Fashion News from Around the Web]( 1 [The Real Story of Supreme]( [GQ]( 2 [L Brands Board Opens Probe of Jeffrey Epstein's Role at Company]( [THE WALL STREET JOURNAL]( 3 [The 'Zara of Small-Town India' Is Unfazed by Walmart and Amazon]( [QUARTZ]( 4 [How Shopping Malls Became a Battleground in Hong Kong’s Protests]( [QUARTZ]( 5 [Inside YouTube's Fashion Strategy]( [FASHIONISTA]( [BoF CAREERS - FEATURED JOBS]( [Pricing Manager, RTW]( [Macy's]( New York, United States [WRTW Retail Merchandiser]( [Valentino]( Milano, Italy [Content Creator Support]( [Everpress]( London, United Kingdom [View All Jobs](  [Subscribe Were you forwarded this email? To subscribe to this newsletter, click below.]( for Free]( Follow Us [The Business of Fashion]( [Sponsorship & Advertising]( [About]( This email was sent to {EMAIL} [Add to Address Book]( | [Unsubscribe]( | [Edit Newsletter Subscriptions]( The Business of Fashion Moray House - 6th Floor · 23-31 Great Titchfield St London W1W 7PA · United Kingdom