Photo: Bloomberg
American fashion store, Barneys
Photo: Bloomberg

Israeli fashion mogul submits bid for Barneys, challenging Authentic Brands

Samuel Ben-Avraham launches a social media campaign as part of his effort to outbid the NYC-based brand developer for the luxury department store, after they filed for bankruptcy last August

Israeli businessman Samuel Ben-Avraham said on Wednesday he has submitted an offer for Barneys New York Inc, challenging a $271 million bid for the bankrupt luxury department store from brand developer Authentic Brands Group LLC.



The retailer, which filed for bankruptcy in August, had been seeking proposals to best Authentic Brands. A deadline for competing bids was set for Wednesday evening.


 American fashion store, Barneys (Photo: Bloomberg)
American fashion store, Barneys (Photo: Bloomberg)


It was not immediately clear that Barneys had deemed the offer a so-called qualified bid, meaning that it meets certain thresholds to be considered in a bankruptcy court auction set for Monday, the people said.


Ben-Avraham said he lined up investors to back his bid and has work to complete before the auction. The entrepreneur launched a social media campaign featuring images from TV shows “Sex and the City” and “Curb Your Enthusiasm” as part of his proposal.


Barneys and Authentic Brands did not immediately respond to requests for comment.


View this post on Instagram

Never lose hope . Believing is seeing

A post shared by Sam Ben-Avraham (@sambany) on


Ben-Avraham owns trade show companies and is also an investor in fashion label Kith, his LinkedIn profile shows. Additional details on his bid could not immediately be determined.


The sources could not be identified because they were not authorized to speak on the matter. Women’s Wear Daily first reported on Ben-Avraham’s offer.


Authentic Brand’s offer calls for establishing Barneys shops in existing Saks Fifth Avenue stores. A handful of its brick-and-mortar outposts would also remain open, depending on negotiations with landlords, Reuters reported.


פרסום ראשון: 10.24.19, 12:07
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