Reuters first to report Barneys New York exploring options that include bankruptcy

Reuters was first to report that the U.S. luxury department store operator Barneys New York Inc is exploring bankruptcy, among other options, as it struggles with high rents and changing shopping habits and consumer tastes. The nearly 100-year-old retailer, known for its high-end designer collection, is working with law firm Kirkland & Ellis LLP to prepare for a potential bankruptcy filing that could come in the coming weeks.