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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

The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.