Barneys New York is exploring restructuring and bankruptcy

Luxury department store Barneys New York Inc. is exploring restructuring options that could include filing for bankruptcy as it struggles to keep up with higher rent and adapt to changing consumer habits.Barneys is working with financial advisers at MIII Partners and lawyers at Kirkland & Ellis, according to people with knowledge of the situation. The company hasn’t made a final decision on whether to pursue its plan in or out of court, the people said, asking not to be identified disc