It was вЂњnot over,вЂќ he said.Дays later, David Jackson, chairman of Solitaire Partners and former chief executive of Istithmar World, the Dubai-based group that owned Barneys until 2012, said that he was also planning to bid. Ben-Avraham was still insisting that his offer was on the way, even though the bid deadline had passed a planned auction was canceled and a statement was released by Authentic Brands and Saks, saying that they had triumphed. The most vocal contender was Sam Ben-Avraham, an investor in the streetwear brand Kith and founder of a number of trade shows, who viewed Barneys as a New York landmark that could be reconceived as a new kind of shopping destination. A вЂњSave BarneysвЂќ movement, complete with an impassioned Instagram account, started with employee support, and Barneys and its lawyers desperately sought other bidders who might be willing to keep at least some of the chain intact.

The bankruptcy of an icon was one thing trading on the Barneys name while plundering its infrastructure and soul was another. To Barneys loyalists, this was akin to sacrilege. That became more of an issue as the rents on its stores soared, thanks to deals agreed to in the early part of the century. He did not appear in court during the bankruptcy proceedings.Д«arneys also struggled with the move to online retail, perhaps too obsessed with the mystique of its own influence to understand influencer culture. Richard Perry, the former hedge fund manager, took over as the retailerвЂ™s owner and chairman in 2012, but remained hands off. In 2010, a renovation made Barneys look just like its rivals, as fish tanks and mosaics were swapped out for generic marble. It changed hands several times after that, which some said watered down its identity. It ran into trouble, however, and declared bankruptcy in 1996. Nordstrom, after years of planning, opened a seven-floor store near Columbus Circle last month, not long after Neiman Marcus opened its first store in the city.Д«arneys was founded by Barney Pressman as a cut-price menвЂ™s retailer, but over three generations of family ownership it evolved into an elite and expensive purveyor of New York style. Lord & Taylor closed its flagship in January after selling the building to WeWork. The disappearance of Barneys adds to the broader shake-up in Manhattan retail of the past few years, highlighted by the loss of stores that were once considered institutions and ambitious new projects from out-of-towners.

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