After rent hike, Barneys extends credit line

A rent hike at Barneys New York’s flagship store already seems to be impacting the luxury retailer. In January, the rent at 660 Madison Avenue officially jumped to about $30 million in January from $16 million and the retailer, which has about $850 million in sales, extended the term of its credit line by $50 million, CNBC reported. The deal extends the retailer’s credit agreement with Wells Fargo and loops in TPG Sixth Street Partners […]

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