Debt, debt, debt.
The brand is going through a "transition" period.
And more bad news for the suburban mall mainstay.
Because she's reportedly being evicted.
And Barneys reduced its long-term debt from $590 million to $50 million.
The retailer's credit line is drying up.
"As of two weeks ago we weren't allowed to spend any money."
The British label has entered into administration, the U.K. equivalent of Chapter 11.
Meanwhile, the company is still $116 million in debt.
His debts are reportedly close to $6 million.
They're closing almost a third of their stores by 2015.
S&P downgraded it from a B- to a CCC+.
Unless they get an investor soon, they may have to close.