Barneys Enlists Kirkland's Help In Fending Off Ch. 11

Law360, New York (February 9, 2012, 7:00 PM EST) -- Barneys New York Inc. said Thursday it had hired Kirkland & Ellis LLP as restructuring adviser, as the struggling luxury retailer continues to try to contain a debt load from a 2007 takeover by a private equity firm that threatens to push it into bankruptcy.

While the company has retained the firm's restructuring team to advise it in talks with lenders, it cited a recent upswing in business as a sign of optimism that a Chapter 11 stint is not inevitable.

“Barneys New York is actively...
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