RETAILING

Barney’s Reaches Pact With Isetan for Financing: The agreement will allow the New York-based luxury retailer to draw on as much as $100 million in financing from its estranged Japanese ally Isetan Co. Isetan agreed to withdraw its objection to the debtor-in-possession financing as part of a settlement under which the Japanese company will receive $3.25 million from Barney’s Inc. through April 19. Isetan had filed papers in U.S. Bankruptcy Court aiming to force Barney’s to pay about $3 million in rent Isetan said it was owed on three of Barney’s department stores. Bankruptcy Judge James L. Garrity Jr. approved the settlement at a hearing in Manhattan. Barney’s lawyer John Campo said the parties hope a court-appointed mediator can help them reach a comprehensive settlement.