Barneys New York Bankrupt?
Not yet! The owners of the high-end chain of stores Istithmar World Capital of Dubai, who bought Barneys in 2007, have decided to put in 10 Million bucks to help pay down some debts and free up cash flow, in hopes of getting through the current credit crunch. So basically, if you label whores wanna have a place to go to shop and pop, ya better stop waiting for the sales and start buying some new frocks…quick!