Barneys Foresees $60 Million Loss This Year, N.Y. Post Reports - Bloomberg.com

Barneys New York expects to lose more than $60 million this year, the New York Post reported, citing an unidentified person briefed on the retailer’s financial plans.

While the company, owned by Istithmar World PJSC of Dubai, has experienced a recent recovery in demand for luxury items, it still has a $500 million debt burden and lost $20 million in the first quarter, the newspaper said.