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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13D-101)
(AMENDMENT NO. 1)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13D-1(A) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13D-2(A)
BARNEYS NEW YORK, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $.01 PER SHARE 06808T 107
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(Title of class of securities) (CUSIP number)
BAY HARBOUR MANAGEMENT L.C.
777 South Harbour Island Boulevard, Suite 270
Tampa, Florida 33602
(813) 272-1992
BAY HARBOUR PARTNERS, LTD.
c/o MeesPierson
Montague Sterling Center
East Bay Street
P.O. Box SS6238
Nassau, Bahamas
STEVEN A. VAN DYKE
DOUGLAS P. TEITELBAUM
885 Third Avenue, 34th Floor
New York, New York 10022
(212) 371-2211
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(Name, address and telephone number of person authorized to receive notices and
communications)
August 18, 2000
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on the following pages)
(Page 1 of 16 Pages)
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22345.0001
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<S> <C> <C> <C> <C> <C>
CUSIP No. 06808T107 13D Page 2 of 16
----------------------------------------------------------- --------------------------------------------------------
---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON BAY HARBOUR MANAGEMENT L.C.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Florida, USA
---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 5,214,496
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 5,214,496
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
5,214,496
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 37.5%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IA
---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 06808T107 13D Page 3 of 16
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1 NAME OF REPORTING PERSON TOWER INVESTMENT GROUP, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Florida, USA
---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 5,214,496
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 5,214,496
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
5,214,496
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 37.5%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: HC
---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 06808T107 13D Page 4 of 16
----------------------------------------------------------- --------------------------------------------------------
---------------------- -------------------------------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON STEVEN A. VAN DYKE
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 5,000
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 5,214,496
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 5,000
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 5,214,496
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
5,214,496
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 37.5%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 06808T107 13D Page 5 of 16
----------------------------------------------------------- --------------------------------------------------------
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1 NAME OF REPORTING PERSON DOUGLAS P. TEITELBAUM
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: 5,000
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 5,214,496
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 5,000
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 5,214,496
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
5,214,496
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 37.5%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: IN
---------------------- -------------------------------------------------------------------------------------------------------
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<S> <C> <C> <C> <C> <C>
CUSIP No. 06808T107 13D Page 6 of 16
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1 NAME OF REPORTING PERSON TROPHY HUNTERS, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Florida, USA
---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 162,011
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 162,011
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
162,011
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.2%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 06808T107 13D Page 7 of 16
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1 NAME OF REPORTING PERSON TROPHY HUNTER INVESTMENTS, LTD.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Florida, USA
---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 162,011
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 162,011
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
162,011
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.2%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 06808T107 13D Page 8 of 16
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1 NAME OF REPORTING PERSON BAY HARBOUR INVESTMENTS, INC.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Florida, USA
---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,627
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,627
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
6,627
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.05%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 06808T107 13D Page 9 of 16
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1 NAME OF REPORTING PERSON BAY HARBOUR 98-1, LTD.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Florida, USA
---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 6,627
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 6,627
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
6,627
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.05%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: PN
---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
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<CAPTION>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 06808T107 13D Page 10 of 16
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1 NAME OF REPORTING PERSON BHB LLC
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Delaware, USA
---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 4,853,888
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 4,853,888
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
4,853,888
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 34.9%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: OO
---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
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<CAPTION>
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<S> <C> <C> <C> <C> <C>
CUSIP No. 06808T107 13D Page 11 of 16
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1 NAME OF REPORTING PERSON BAY HARBOUR PARTNERS, LTD.
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
---------------------- -------------------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [ ]
(b) [X]
---------------------- -------------------------------------------------------------------------------------------------------
3 SEC USE ONLY
---------------------- -------------------------------------------------------------------------------------------------------
4 SOURCE OF FUNDS: OO
---------------------- -------------------------------------------------------------------------------------------------------
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEM 2(d) OR 2(e): [_]
---------------------- -------------------------------------------------------------------------------------------------------
6 CITIZENSHIP OR PLACE OF ORGANIZATION: Bahamas
---------------------- -------------------------------------------------------------------------------------------------------
NUMBER OF 7 SOLE VOTING POWER: -0-
SHARES ------------------- -------------------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER: 14,572
OWNED BY ------------------- -------------------------------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER: -0-
REPORTING ------------------- -------------------------------------------------------------------------------
PERSON WITH 10 SHARED DISPOSITIVE POWER: 14,572
---------------------- -------------------------------------------------------------------------------------------------------
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON:
14,572
---------------------- -------------------------------------------------------------------------------------------------------
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES:
[_]
---------------------- -------------------------------------------------------------------------------------------------------
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 0.1%
---------------------- -------------------------------------------------------------------------------------------------------
14 TYPE OF REPORTING PERSON: CO
---------------------- -------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
This Amendment No. 1 ("Amendment No. 1") amends the
statement on Schedule 13D (the "Schedule 13D) filed on March 27, 2000, by and on
behalf of Bay Harbour Management L.C. ("Bay Harbour"), Tower Investment Group,
Inc. ("Tower"), Steven A. Van Dyke ("Mr. Van Dyke"), Douglas P. Teitelbaum ("Mr.
Teitelbaum"), Trophy Hunters, Inc. ("Trophy"), Trophy Hunter Investments, Ltd.
("Trophy Investments"), Bay Harbour Investments, Inc. ("Bay Harbour
Investments"), Bay Harbour 98-1, Ltd. ("Bay Harbour 98-1"), BHB LLC and Bay
Harbour Partners, Ltd. ("Bay Harbour Partners") (the foregoing being referred to
collectively as the "Reporting Persons") with respect to their ownership of
common stock, par value $0.01 per share ("Common Stock"), of Barneys New York,
Inc., a Delaware corporation (the "Company"). Capitalized terms used herein and
not defined herein have the meanings ascribed to them in the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
Since the filing of the Schedule 13D, the Reporting Persons
(i) purchased in the open market an aggregate of 67,024 warrants to purchase an
equivalent number of shares of Common Stock at an exercise price of $8.68 per
share ("Warrants") for total consideration of $16,756.00, and (ii) exercised an
aggregate of 353,301 Warrants (which includes the Warrants described in (i)) for
total consideration of $3,066,652.68.
The source of the funds used by Bay Harbour to purchase the
securities (including the Warrants purchased in the open market) were investment
accounts managed on a discretionary basis by Bay Harbour.
ITEM 4. PURPOSE OF TRANSACTION.
The Reporting Persons acquired the Warrants and the shares
of Common Stock for investment purposes. The Reporting Persons may acquire
additional securities of the Company or dispose of securities of the Company at
any time and from time to time in the open market or otherwise.
Bay Harbour and Whippoorwill Associates, Inc.
("Whippoorwill") are parties to a Stockholders Agreement, dated as of November
13, 1998 (the "Stockholders Agreement"), which sets forth their agreement with
respect to certain matters relating to the shares of Common Stock held by them.
Pursuant to the Stockholders Agreement, each of Bay Harbour and Whippoorwill
have agreed to (i) restrict the transferability of such shares prior to January
28, 2000, (ii) grant rights of first offer as well as tag along rights in the
event of a transfer of shares, (iii) grant the other the right to participate in
an acquisition of additional shares of Common Stock by either of them, and (iv)
give the other a right of first refusal to purchase shares of Common Stock which
either of them has requested the Company to register pursuant to the
Registration Rights Agreement dated January 28, 1999 among Bay Harbour,
Whippoorwill and the Company. In addition, Bay Harbour and Whippoorwill have
agreed to take all actions necessary to elect the three designees of each, one
designee of Isetan Company Ltd., the chief executive officer of the Company and
three independent directors, to the Board of Directors of the Company. The
Stockholders Agreement also generally prohibits each of Bay Harbour and
Whippoorwill from voting the shares of Common Stock held by it in favor of
amending the Company's Certificate of Incorporation or Bylaws or a sale of the
Company without the consent of the other. The number of shares indicated as
being beneficially owned by Bay Harbour does not include the shares of Common
Stock held by Whippoorwill which are the subject of the Stockholders Agreement
and with respect to which Bay Harbour disclaims beneficial ownership.
12
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Although the foregoing represents the range of activities
presently contemplated by the Reporting Persons with respect to the Company, it
should be noted that the possible activities of the Reporting Persons are
subject to change at any time. Except as set forth above, none of the Reporting
Persons has any present plans or proposals which relate to or would result in
any of the actions described in subparagraphs (a) through (j) of Item 4 of
Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The responses of the Reporting Persons to Rows (11)
through (13) of the cover pages of this Schedule 13D are incorporated herein by
reference. As of August 31, 2000, the Reporting Persons beneficially owned the
number of shares of the Common Stock listed below, representing approximately
the percentage of the outstanding shares of Common Stock set forth opposite such
number (the outstanding shares of Common Stock, 13,903,227, being based on the
number of shares outstanding as of the close of business on August 31, 2000):
Name Number of Shares Percent of Class
---- ---------------- ----------------
Bay Harbour Management L.C. 5,214,496 (1) 37.5%
Tower Investment Group, Inc. 5,214,496 (1) 37.5%
Steven A. Van Dyke 5,219,496 (1) 37.5%
Douglas P. Teitelbaum 5,219,496 (1) 37.5%
Trophy Hunters, Inc. 162,011 (2) 1.2%
Trophy Hunter Investments, Ltd. 162,011 (2) 1.2%
Bay Harbour Investment, Inc. 6,627 (2) 0.05%
Bay Harbour 98-1, Ltd. 6,627 (2) 0.05%
BHB LLC 4,853,888 34.9%
Bay Harbour Partners, Ltd. 14,572 (2) 0.1%
---------------------
(1) Includes, as to each of Messrs. Van Dyke and Teitelbaum, 5,000 shares
issuable upon the exercise of options.
(2) Does not include any shares beneficially owned by BHB LLC, in which
they are members.
For purposes of disclosing the number of shares
beneficially owned by each of the Reporting Persons, (A) Mr. Van Dyke and Mr.
Teitelbaum, as shareholders, officers and directors of Tower, may be deemed to
beneficially own all shares of the Common Stock that are owned beneficially by
Tower and (B) Tower, as the majority shareholder of Bay Harbour, may be deemed
to own beneficially (as that term is defined in Rule 13d-3 under the Securities
Exchange Act of 1934) all shares of Common Stock that are beneficially owned by
Bay Harbour. Each of Mr. Van Dyke and Mr. Teitelbaum disclaim beneficial
ownership of such shares for all other purposes. The number of shares indicated
as being beneficially owned by Bay Harbour no longer includes 402,229 shares of
Common Stock previously beneficially owned by Mr. Questrom pursuant to options.
Such options were forfeited as of August 18, 2000 by Mr. Questrom pursuant to
the terms and the termination of his employment agreement with the Company as a
result of Mr. Questrom's resignation as President and Chief Executive Officer
effective September 15, 2000. Consequently, the stockholders agreement dated as
of February 1, 2000, pursuant to which Mr. Questrom agreed to vote such shares
at the direction of Bay Harbour, is of no further effect with respect to Mr.
Questrom or his shares. Each of Messrs. Teitelbaum and Van Dyke beneficially own
13
<PAGE>
5,000 shares of Common Stock upon exercise of options under the Company's Stock
Option Plan for Non-Employee Directors.
Bay Harbour Investments, as the general partner of Bay
Harbour 98-1, may be deemed to own beneficially (as that term is defined in Rule
13d-3 under the Securities Exchange Act of 1934) shares of Common Stock of which
Bay Harbour 98-1. may be deemed to possess direct beneficial ownership. Each of
Mr. Van Dyke and Mr. Teitelbaum, as shareholders, officers and directors of Bay
Harbour Investments, Bay Harbour and Tower may be deemed to beneficially own
shares of Common Stock which Bay Harbour 98-1 may be deemed to beneficially own.
Each of Mr. Van Dyke and Mr. Teitelbaum disclaims beneficial ownership of such
shares for all other purposes.
Trophy, as the general partner of Trophy Investments, may
be deemed to own beneficially (as that term is defined in Rule 13d-3 under the
Securities Exchange Act of 1934) shares of Common Stock of which Trophy
Investments may be deemed to possess direct beneficial ownership. Each of Mr.
Van Dyke and Mr. Teitelbaum, as shareholders, officers and directors of Trophy,
Bay Harbour and Tower may be deemed to beneficially own shares of Common Stock
which Trophy Investments may be deemed to beneficially own. Each of Mr. Van Dyke
and Mr. Teitelbaum disclaims beneficial ownership of such shares for all other
purposes.
Bay Harbour, as the investment advisor of Bay Harbour
Partners, may be deemed to own beneficially (as that term is defined in Rule
13d-3 under the Securities Exchange Act of 1934) shares of Common Stock of which
Bay Harbour Partners may be deemed to possess direct beneficial ownership. Each
of Mr. Van Dyke and Mr. Teitelbaum, as shareholders, officers and directors of
Bay Harbour and Tower may be deemed to beneficially own shares of Common Stock
which Bay Harbour Partners may be deemed to beneficially own. Each of Mr. Van
Dyke and Mr. Teitelbaum disclaims beneficial ownership of such shares for all
other purposes.
Except as disclosed in this Item 5(a), none of the
Reporting Persons, nor, to the best of their knowledge, any of their executive
officers and directors, beneficially owns any securities of the Company or
presently has a right to acquire any securities of the Company.
(b) The responses of the Reporting Persons to (i) Rows (7)
through (10) of the cover pages of this statement on Schedule 13D and (ii) Item
5(a) hereof are incorporated herein by reference.
(c) None of the Reporting Persons has effected any
transactions in the Common Stock of the Company during the past 60 days.
(d) No other person is known to have the right to receive
or the power to direct the receipt of dividends from, or the proceeds from the
sale of, the shares of Common Stock, except the dividends from, or proceeds from
the sale of shares of Common Stock in each respective account managed by Bay
Harbour and the investment partnerships for which Bay Harbour acts as an
investment advisor, will be delivered into each such respective account or to
such investment partnership, as the case may be. Other than as described in Item
5 hereof, no such individual account, investment partnership or limited partner
thereof has an interest in shares of Common Stock reported in this Schedule 13D
representing more than five percent of the Common Stock outstanding.
(e) Not applicable.
14
<PAGE>
SIGNATURES
After reasonable inquiry and to the best knowledge and
belief of the undersigned, the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated as of: August 31, 2000 TOWER INVESTMENT GROUP, INC.
By: /s/ Steven A. Van Dyke
------------------------------------
Name: Steven A. Van Dyke
Title: President
BAY HARBOUR MANAGEMENT L.C.
By: /s/ Steven A. Van Dyke
------------------------------------
Name: Steven A. Van Dyke
Title: President
/s/ Steven A. Van Dyke
----------------------------------------
STEVEN A. VAN DYKE
/s/ Douglas P. Teitelbaum
----------------------------------------
DOUGLAS P. TEITELBAUM
TROPHY HUNTER INVESTMENTS, LTD.
By: /s/ Steven A. Van Dyke
------------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
BAY HARBOUR INVESTMENTS, INC.
By: /s/ Steven A. Van Dyke
------------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
15
<PAGE>
BAY HARBOUR 98-1, LTD.
By: /s/ Steven A. Van Dyke
------------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
TROPHY HUNTERS, INC.
By: /s/ Steven A. Van Dyke
------------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
BAY HARBOUR PARTNERS, LTD.
By: /s/ Steven A. Van Dyke
------------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
BHB LLC
By: /s/ Steven A. Van Dyke
------------------------------------
Name: Steven A. Van Dyke
Title: Authorized Signatory
16
