Sharon Khazzam jewelry on display at Barneys New York. Photo: Kelly Sullivan/Getty Images

Barneys New York, the luxury retailer that filed for bankruptcy in August, reportedly is in talks for a $268 million rescue investment from Authentic Brands Group.

Why it matters: This could keep at least some of Barneys' 7 locations open, while a concurrent licensing deal with Hudson’s Bay Co. would keep the Barneys website afloat and result in Barneys mini-locations being opened inside of Saks Fifth Avenue stores.

  • Authentic Brands is a New York-based brand development group whose portfolio includes Marilyn Monroe, Elvis Presley, Sports Illustrated, and Juicy Couture. Shareholders include BlackRock, Jasper Ridge Partners, and General Atlantic.

The bottom line: "Barneys’ weakened financial position has created confusion among shoppers and an opening for rivals. Saks in recent months has been hiring salespeople from Barneys stores, said a person familiar with the matter. And Barneys stores in New York have prominently displayed signs stating that the store wasn’t going out of business, write the Wall Street Journal's Suzanne Kapner and Juliet Chung.

Go deeper: Barneys files for bankruptcy and plans to close most of its stores

Go deeper

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15 states broke single-day coronavirus records this week

Data: Compiled from state health departments by Axios; Map: Danielle Alberti/Axios

At least 15 states broke their single-day novel coronavirus infection records this week, according to state health department data reviewed by Axios.

The big picture: The number of coronavirus cases increased in the vast majority of states over the last week, and decreased in only two states plus the District of Columbia, Axios' Andrew Withershoop and Caitlin Owens report.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 11,143,945 — Total deaths: 527,681 — Total recoveries — 6,004,593Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 2,818,588 — Total deaths: 129,584 — Total recoveries: 883,561 — Total tested: 34,213,497Map.
  3. States: Photos of America's pandemic July 4 ICU beds in Arizona's hot spot reach near capacity.
  4. Public health: U.S. coronavirus infections hit record highs for 3 straight days.
  5. Politics: Trump extends PPP application deadlineKimberly Guilfoyle tests positive.
  6. World: Mexican leaders call for tighter border control as infections rise in U.S.
  7. Sports: 31 MLB players test positive as workouts resume.
  8. 1 📽 thing: Drive-in movie theaters are making a comeback.
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In photos: America celebrates July 4 during global pandemic

Photo: Francine Orr/Los Angeles Times/Getty Images

The U.S. has already celebrated Easter, graduations and so much more during the coronavirus pandemic, and now it can add July 4 to the list.

The state of play: Axios' Stef Kight writes public parades and fireworks displays around much of the country are being canceled to prevent mass gatherings where the virus could spread. Hot-dog contests and concerts will play to empty stands and virtual audiences — all while American pride treads an all-time low.