Barneys New York Chief Executive Mark Lee says Prada is no longer selling any new goods but shoes and menswear at Barneys in what he said was fallout from a spat over pricing and inventory control.
Mr. Lee says Prada asked to operate under a "concession" model, in which the brand leases space from the retailer, but controls its own inventory and markdowns. Mr. Lee says Barneys rejected the request.
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