New York retail icon Barneys files for bankruptcy

By Mike Spector, Melissa Fares and Sarah White NEW YORK/PARIS (Reuters) - Barneys New York Inc filed for bankruptcy protection on Tuesday and put itself up for sale, pushed to the brink by falling revenue and soaring rent at its stores that caused many vendors to effectively stop shipping merchandise to the luxury department store chain. Barneys, which plans to slim down to seven stores after closing 15 locations, reached a deal for a financial lifeline that gives the retailer until late October to find a buyer or commence a liquidation that would close its doors for good.

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