Most Recent Articles On Fashion Scoops More Articles By David Moin CELESTINO TO TAHARI: Elie Tahari has tapped Michael Celestino, the former Barneys New York executive, to be president of retail, according to sources. Celestino left Barneys in February 2011 after a 20-year career at the luxury chain where he last served as executive vice president of store operations and played a crucial role during the two-year stretch that Barneys operated without a chief executive officer until the arrival of Mark Lee in the fall of 2010. Celestino was on the front lines in the stores, talking to managers
Barneys New York announced that it's reached an agreement with the company's largest lender, Perry Capital, its sponsor, Istithmar World, and certain of its other lenders to significantly reduce the company's debt and improve its capital structure. The transaction provides Barneys with significant financial flexibility to prioritize its investment in its operations and grow the business. As part of the agreement, Perry Capital and The Yucaipa Companies have partnered to convert debt for equity in order to reduce Barneys' long-term debt from $590 million to $50 million. As a result, Perry Capital has become the majority owner of Barneys.
Luxury specialty retailer Barneys New York opened its holiday display, Gaga's Workshop, and unveiled its holiday windows. Lady Gaga, creative director Nicola Formichetti, artist Eli Sudbrack and Christophe Hamaide Pierson of avaf created the non-traditional holiday display. The display includes a retail environment, holiday windows, a dedicated Gaga interactive website and limited edition, exclusive products created in collaboration with Lady Gaga. There are eight stations in Gaga's Workshop reflecting the product categories available for sale including: candy shop, toy shop, closet (for apparel and accessories), library (for books, CDs, media, and paper goods), gallery (for collectibles and specialty items),
New York City -- Barneys New York said Monday it is teaming up with pop singer Lady Gaga on a holiday campaign and Christmas window display to be called Gaga’s Workshop. The luxury department store retailer said that, in addition to the Gaga-themed window display, it will devote an entire floor of its Madison Avenue flagship to Gaga’s Workshop. The campaign will also feature limited-edition gift items and specially themed holiday shopping bags and packaging. "As a New York city landmark, we wanted to celebrate Lady Gaga as a fellow New Yorker and amazing talent," Mark Lee, Barneys CEO,
Barneys New York Chief Executive Mark Lee says Prada is no longer selling any new goods at Barneys (except shoes and menswear) in what he said was fallout over pricing and inventory control.