Barneys New York, Inc. – Unsecured Creditors Object to Proposed DIP Financing as Leaving Debtors Under-financed, Save Special Wrath for “Outrageous and Offensive” Fee Structure

August 30, 2019 – The Debtors' Official Committee of Unsecured Creditors (the “Committee” which is comprised of the Debtors’ major trade vendors, landlords and a union) objected to the Debtors’ proposed “smoke and mirrors" debtor-in-possession (“DIP”) financing (i) fails to provide the cash necessary “to conduct a fulsome sale process or even to replenish inventory…