Sam Ben-Avraham appears to have discovered some associates in his quest to purchase Barneys New York out of chapter.
Sources stated the commerce present veteran and Kith backer has been in talks with style financier Gary Wassner to boost cash and attempt to take management of the luxurious retailer. Wassner has been near the Barneys enterprise for years, serving to designers ship items to the firm as chief government officer of factoring agency Hilldun Corp. He additionally sits on the unsecured collectors committee in the Barneys chapter and is a vocal advocate for American designers.
Wassner didn’t return a name Sunday and Ben-Avraham couldn’t be reached.
Ben-Avraham’s background in commerce reveals has trade consultants questioning simply what his plans for Barneys entail. But if Wassner finally takes half in any deal, it could recommend extra evolution than revolution at the retailer, which has a fame for supporting cool designers however hasn’t been capable of cowl its payments in latest seasons.
Ben-Avraham is seen as a savvy participant who may reshape the Barneys expertise and assist herald new prospects and new manufacturers, however he has but to previously submit a bid to purchase the firm.
Barneys has been in search of a purchaser for