SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. _____________)*
BARNEYS NEW YORK, INC.
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
06808T 107
--------------------
(CUSIP Number)
December 31, 1999
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which
this Schedule is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act,
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 9 Pages
NY2:\868938\06\$MH606!.DOC\80845.0001
<PAGE>
<TABLE>
<CAPTION>
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CUSIP NO. 06808T 107 13G PAGE 2 OF 9 PAGES
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<S> <C>
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Whippoorwill Associates, Inc.
13-3595884
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware, USA
- -------------------------------- ------------- -----------------------------------------------------------------------------
5 SOLE VOTING POWER
5,238,185
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- -------------------------------- ------------- -----------------------------------------------------------------------------
6 SHARED VOTING POWER
0
- -------------------------------- ------------- -----------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
5,238,185
- -------------------------------- ------------- -----------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
0
- ---------------- -----------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,238,185
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
- ---------------- -----------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.9%
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12 TYPE OF REPORTING PERSON
IA; CO
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<PAGE>
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CUSIP NO. 06808T 107 13G PAGE 3 OF 9 PAGES
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1 NAME OF REPORTING PERSON Shelley F. Greenhaus
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Not Applicable
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------- ------------- -----------------------------------------------------------------------------
5 SOLE VOTING POWER
2,500
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- -------------------------------- ------------- -----------------------------------------------------------------------------
6 SHARED VOTING POWER
5,238,185
- -------------------------------- ------------- -----------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,500
- -------------------------------- ------------- -----------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,238,185
- ---------------- -----------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,240,685
- ---------------- -----------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
- ---------------- -----------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.9%
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12 TYPE OF REPORTING PERSON
IN; HC
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<PAGE>
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CUSIP NO. 06808T 107 13G PAGE 4 OF 9 PAGES
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1 NAME OF REPORTING PERSON David A. Strumwasser
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Not Applicable
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
- ------------------- --------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- ------------------------------------ ------------- -------------------------------------------------------------------------
5 SOLE VOTING POWER
2,500
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- ------------------------------------ ------------- -------------------------------------------------------------------------
6 SHARED VOTING POWER
5,238,185
- ------------------------------------ ------------- -------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,500
- ------------------------------------ ------------- -------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,238,185
- ------------------- --------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,240,685
- ------------------- --------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
- ------------------- --------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.9%
- ------------------- --------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN; HC
- ------------------- --------------------------------------------------------------------------------------------------------
<PAGE>
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CUSIP NO. 06808T 107 13G PAGE 5 OF 9 PAGES
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1 NAME OF REPORTING PERSON Shelby S. Werner
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Not Applicable
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [X]
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3 SEC USE ONLY
- ---------------- -----------------------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------- ------------- -----------------------------------------------------------------------------
5 SOLE VOTING POWER
2,500
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
- -------------------------------- ------------- -----------------------------------------------------------------------------
6 SHARED VOTING POWER
5,238,185
- -------------------------------- ------------- -----------------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
2,500
- -------------------------------- ------------- -----------------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
5,238,185
- ---------------- -----------------------------------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,240,685
- ---------------- -----------------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X]
- ---------------- -----------------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
38.9%
- ---------------- -----------------------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON
IN; HC
- ---------------- -----------------------------------------------------------------------------------------------------------
</TABLE>
*SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>
This statement on Schedule 13G (this "Statement") is being filed by
Whippoorwill Associates, Inc. ("Whippoorwill") and relates to the Common Stock,
par value $.01 per share (the "Common Stock"), of Barneys New York, Inc., a
Delaware corporation (the "Issuer"). Whippoorwill has entered into a
Stockholders Agreement, dated as of November 13, 1998 (the "Stockholders
Agreement") with Bay Harbour Management L.C. ("Bay Harbour"), which sets forth
their agreement on matters related to the Common Stock held by them. Pursuant to
the Stockholders Agreement, Whippoorwill and Bay Harbour have agreed to rights
of first offer and tag along rights upon a transfer of shares, participation in
acquisitions of additional shares of Common Stock and prohibition from voting
the Common Stock in favor of amending the Issuer's certificate of incorporation
or bylaws or sale of the Issuer without the consent of the other. The number of
shares indicated as being beneficially owned by Whippoorwill (x) does not
include the shares of Common Stock held by Bay Harbour which are the subject of
the Stockholders Agreement and with respect to which Whippoorwill disclaims
beneficial ownership and (y) includes 100,308 shares of Common Stock
beneficially owned by Allen I. Questrom ("Mr. Questrom") which are the subject
of a stockholders agreement dated as of February 1, 2000, pursuant to which Mr.
Questrom agreed to vote such shares at the direction of Whippoorwill.
ITEM 1. NAME OF ISSUER AND ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
(a) Name of Issuer: Barneys New York, Inc.
(b) Address of Issuer's Principal Executive Offices:
575 Fifth Avenue
New York, New York 10017
ITEM 2. PERSON FILING:
(a) Name of Person Filing: Whippoorwill Associates, Inc., Shelley F. Greenhaus
("Mr. Greenhaus"), as a principal, President and Managing Director of
Whippoorwill, David A. Strumwasser ("Mr. Strumwasser"), as a principal, Managing
Director and General Counsel of Whippoorwill, and Shelby S. Werner ("Ms.
Werner"), as a principal, Vice President and Managing Director of Whippoorwill.
(b) Address of Principal Business Office or, if none, Residence:
The principal business address of Whippoorwill, Mr. Greenhaus,
Mr. Strumwasser and Ms. Werner is 11 Martine Avenue, White
Plains, New York 10606.
(c) Citizenship:
Whippoorwill - Delaware
Mr. Greenhaus - United States
Mr. Strumwasser - United States
Ms. Werner - United States
(d) Title of Class of Securities: Common Stock, $.01 par value
(e) CUSIP Number: 06808T 107
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B) OR 13D-2(B) OR (C),
CHECK WHETHER THE PERSON FILING IS A:
(a) [ ] Broker or dealer registered under Section 15 of the
Exchange Act.
(b) [ ] Bank as defined in Section 3(a)(6) of the Exchange
Act.
(c) [ ] Insurance company as defined in Section 3(a)(19) of
the Exchange Act.
(d) [ ] Investment company registered under Section 8 of the
Investment Company Act.
Page 6 of 9 Pages
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(e) [ ] An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of
the Federal Deposit Insurance Act;
(i) [ ] A church plan that is excluded from the definition of
an investment company under Section 3(c)(14) of the
Investment Company Act;
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP.
ITEM 4(A): AMOUNT BENEFICIALLY OWNED:
As of December 31, 1999, Whippoorwill may be deemed to be the beneficial owner
of 5,238,185 shares of Common Stock as a result of voting and dispositive power
that it held with respect to the 5,238,185 shares of Common Stock held for the
account of various limited partnerships, a limited liability company, a trust
and third party accounts for which Whippoorwill has discretionary authority and
acts as general partner or investment manager.
As of December 31, 1999, Mr. Greenhaus may be deemed to be the beneficial owner
of 5,240,685 shares of Common Stock deemed to be beneficially owned by
Whippoorwill as referred to above or pursuant to options granted to Mr.
Greenhaus. Mr. Greenhaus is a principal, President and Managing Director of
Whippoorwill.
As of December 31, 1999, Mr. Strumwasser may be deemed to be the beneficial
owner of 5,240,685 shares of Common Stock deemed to be beneficially owned by
Whippoorwill as referred to above or pursuant to options granted to Mr.
Strumwasser. Mr. Strumwasser is a principal, Managing Director and General
Counsel of Whippoorwill.
As of December 31, 1999, Ms. Werner may be deemed to be the beneficial owner of
5,240,685 shares of Common Stock deemed to be beneficially owned by Whippoorwill
as referred to above or pursuant to options granted to Ms. Werner. Ms. Werner is
a principal, Vice President and Managing Director of Whippoorwill.
ITEM 4(B): PERCENT OF CLASS:
38.9%
ITEM 4(C): Number of shares as to which Whippoorwill has:
(i) sole power to vote or direct the vote: 5,238,185
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose of or to direct the disposition
of: 5,238,185
(iv) shared power to dispose of or to direct the disposition
of: 0
Number of shares as to which Mr. Greenhaus has:
(i) sole power to vote or direct the vote: 2,500
(ii) shared power to vote or to direct the vote: 5,238,185
(iii) sole power to dispose of or to direct the disposition
of: 2,500
(iv) shared power to dispose of or to direct the disposition
of: 5,238,185
Number of shares as to which Mr. Strumwasser has:
(i) sole power to vote or direct the vote: 2,500
Page 7 of 9 Pages
<PAGE>
(ii) shared power to vote or to direct the vote: 5,238,185
(iii) sole power to dispose of or to direct the disposition
of: 2,500
(iv) shared power to dispose of or to direct the disposition
of: 5,238,185
Number of shares as to which Ms. Werner has:
(i) sole power to vote or direct the vote: 2,500
(ii) shared power to vote or to direct the vote: 5,238,185
(iii) sole power to dispose of or to direct the disposition
of: 2,500
(iv) shared power to dispose of or to direct the disposition
of: 5,238,185
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
N/A
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Clients of Whippoorwill have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, the
Common Stock reported as beneficially owned by Whippoorwill. Vega Partners III,
L.P. and Vega Partners IV, L.P., limited partnerships for which Whippoorwill has
discretionary authority, and The President and Fellows of Harvard College hold
more than 5% of the Common Stock.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
N/A
ITEM 10. CERTIFICATION.
(a) N/A
(b) N/A
Page 8 of 9 Pages
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Date: February 10, 2000 WHIPPOORWILL ASSOCIATES, INC.
/s/ Shelley F. Greenhaus
-----------------------------------
Name: Shelley F. Greenhaus
Title: Managing Director
Date: February 10, 2000 /s/ Shelley F. Greenhaus
-----------------------------------
Shelley F. Greenhaus
Date: February 10, 2000 /s/ David A. Strumwasser
-----------------------------------
David A. Strumwasser
Date: February 10, 2000 /s/ Shelby S. Werner
-----------------------------------
Shelby S. Werner
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative. If the statement is
signed on behalf of a person by his authorized representative (other than an
executive officer or general partner of the filing person), evidence of the
representative's authority to sign on behalf of such person shall be filed with
the statement, provided, however, that a power of attorney for this purpose
which is already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be typed or
printed beneath his signature.
Note. Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule
13-d-7(b) for other parties for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute
federal criminal violations (see 18 U.S.C. 1001).
Page 9 of 9 Pages
