As reported in Law360, a Southern District of New York bankruptcy judge approved the $271 million sale of the assets of upscale fashion retailer Barneys New York. A joint venture between Authentic Brands Group (ABG) and investment bank B. Riley Financial Inc., a Lowenstein Sandler client, was the successful buyer. B. Riley affiliate Great American Group will oversee the liquidation of the retailer’s store and other assets, while ABG will license the brand name, keeping the Barneys' brand alive. The Lowenstein team representing B. Riley included Kenneth A. Rosen and Andrew David Behlmann. According to Behlmann, “The face of modern retail, especially in the fashion space, continues to shift in unprecedented ways. Barneys has been a leading force in premium fashion for almost 100 years, and we are glad that the brand will live on.” (subscription required to access article)