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RETAILING

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Times Staff and Wire Reports

Barney’s to Pay Isetan $2.2 Million: The clothing retailer agreed to pay Isetan Co. of Japan through June 27, extending a settlement under which the two companies are trying to work out their differences without a court battle. “This effectively is a mirror of the last stipulation,” between the onetime business allies, Barney’s lawyer John Campo told a Bankruptcy Court judge. Under the initial agreement, reached in February, Barney’s agreed to pay $3.25 million to Isetan through last Friday and to give it priority above all other unsecured creditors of Barney’s. Isetan, which owns the Barneys flagship stores in New York, Chicago and Beverly Hills, claims that Barney’s should be forced to pay it rent while in bankruptcy proceedings.

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