Anne Hathaway was seen wearing the toggle necklace three times while filming scenes for “The Devil Wears Prada 2.”
Bye, Bye Barneys: Judge Approves Sale to Licensing Co.
The longtime luxury retailer will likely close all locations after the sale of its assets was finalized Friday morning.

New York—Barneys New York Inc. will likely close all seven of its stores after a bankruptcy judge approved the sale of its assets to licensing company Authentic Brands Group and investment bank B. Riley Financial Inc.
The judge approved the sale Thursday, court documents show, and it officially closed Friday morning at 10 a.m., leaving little time for potential bidders to swoop in and acquire the luxury retail chain.
Authentic Brands is reportedly going to license the Barneys name to Hudson’s Bay Co., owner of Saks Fifth Avenue, to open Barneys shop-in-shops within Saks stores and allow HBC to operate the Barneys website.
Its inventory would likely go to B. Riley, known for its liquidation business, which brought in $11.3 million in its most recent quarter.
“Over the past several months, we have worked diligently with the court, our lenders and creditors to maximize the value of Barneys in this sale process, and we continue to work with all relevant parties toward the best solution for Barneys’ employees, designers and vendors, and customers,” said Barneys in a statement to The Associated Press.
Barneys filed for Chapter 11 bankruptcy protection Aug. 6 in New York amid soaring costs and declining sales.
Authentic Brands and B. Riley were the frontrunners in the bidding war, placing a $271.4 million “stalking horse” bid in October, but Sam Ben-Avraham, co-founder of streetwear brand Kith, rallied investors and began a campaign to preserve the legendary retailer, which was started by Barney Pressman in 1923.
“The brand as we know it today will disappear from our lives if it becomes an intellectual property license operation. Its unique identity, its point of view, its cutting-edge agenda will be lost,” wrote Ben-Avraham in an open letter on SaveBarneysNY.com.
The investor group wanted to devise a plan that would avoid “store closures and mass layoffs” but Ben-Avraham did not submit a final bid, sources told The New York Post.
Barneys has seven locations, including its New York flagship on Madison Avenue, and employs around 2,000 workers, according to Business Insider.
The silver lining for shoppers may be holiday liquidation sales on high-end luxury goods, a source told The New York Times.
The retailer’s unsecured creditors include the Row, Balenciaga, Yves Saint Laurent, Gucci and Prada.
The Latest

Jewellery & Gem World Hong Kong is scheduled for Sept. 15 to 21, and buyer pre-registration will be available until Sept. 7.

Renovations at Tiffany & Co. stores ate into profits in the company’s watch and jewelry division.

As a leading global jewelry supplier, Rio Grande is rapidly expanding and developing new solutions to meet the needs of jewelers worldwide.

Mark and Candy Udell of London Jewelers will receive the honor at the 24th annual Gem Awards next March.


While struggles continue at the mining and trading end of the pipeline, consumer demand for diamond jewelry is holding steady.

The “Fantasia” jewelry collection turns the intaglio animals from her “Close Encounters” collection into 3D characters.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

The special Classic Avi Chronograph 42 with an Eagles-green dial is limited to 59 pieces, a nod to the Super Bowl Philadelphia just won.

JSA has received reports of mobs swarming jewelry stores, driving cars into the storefront or smashing through the windows.

The “Kashmir” collection features centuries-old craft techniques made in collaboration with the region’s master papier-mâché artisans.

Creative Director Erica Bianchini shared why the jeweler is looking to expand into the U.S. and how it’s putting Canadian craftsmanship on the map.

Two Los Angeles Fire Department stations plan to use the donations to upgrade their equipment and tools.

Next week, the auction house will kick off a selling exhibition of jewelry by British artist Hannah Martin and Coldplay’s Guy Berryman.

“Stolen: Heist of the Century” is based on “Flawless,” the book about the middle-of-the-night theft, and will debut on Netflix in August.

Emmanuel Raheb shares the top five gifting moments outside of major holidays that jewelers should build marketing campaigns around.

The wholesale trade show’s Luxury Lifestyle section will showcase established and emerging jewelry designers.

The mid-year conference for jewelry and watch appraisers is slated for Aug. 9 to 10 on Zoom.

Graduated stones make for elevated tennis-style pieces and dramatic statement necklaces.

Nominations in the categories of Jewelry Design, Media Excellence, and Retail Innovation will be accepted through July 30.

The charm necklace features six nautical charms of shells and coral that founder Christina Puchi collected on Florida’s beaches.

The organization elected its youngest vice president as it looks to draw in fresh talent.

Campbell joins the company as vice president of business development while Liebler is the new vice president of operations.

The medals feature a split-texture design highlighting the Games’ first time being hosted by two cities and the athletes’ journeys.

Sponsored by The INSTORE Jewelry Show 2025

Globally, travel and transportation brands reigned, while in the U.S., alcoholic beverage companies and a lingerie brand took the top spots.

The Brooklyn-based jewelry designer is remembered as a true artist and a rare talent.