Madison Avenue may soon be saying hello to an old friend.

Barneys New York is reportedly making a comeback, as media company Authentic Brands Group eyes bringing the famed department store back to the exact same building where the storied flagship opened in 1993.

“There have been a few conversations happening with the landlord, about that space in particular,” a source told WWD, who first reported the story.

And it’s not just the Big Apple. Authentic Brands, who also owns companies such as Brooks Brothers and Sperry, is reportedly planning a Barneys store concept somewhere in the U.S. The conglomerate declined to comment on a possible Barneys revival, according to WWD.

Barneys’s 22,0000-square-foot site has largely sat empty since it shuttered in 2019, aside from some temporary exhibits and events, like Louis Vuitton’s “200 Trunks, 200 Visionaries” in 2022. The closure was a result of soaring rents at its 660 Madison Ave. address, a rise in high-end e-commerce, and expansion into difficult luxe markets.

After Barneys filed for bankruptcy, Authentic Brands purchases the brand and then licensed its moniker to yet another department-store titan: Saks Fifth Avenue, which had a Barneys section in its own New York City flagship. Saks previously had exclusive rights to the Barneys name, but as a result of its own bankruptcy earlier this year, those rights have now been released, according to WWD.

The past few years have been full of quite a few shakeups for luxury department stores. Saks Fifth Ave.’s parent company, Saks Global, acquired Neiman Marcus back in 2024 to the tune of $2.7 billion. The move placed Saks, Neiman Marcus, and Bergdorf Goodman all under the same roof, though each store remains its own distinct brand. In the deal’s wake, though, Saks floundered, experiencing a 16 percent drop in sales year-over-year from the quarter ending in June 30, 2025, for example. Neiman Marcus and Bergdorf also struggled in the same period, with their combined sales slumping by 10 percent. Now, stores across the U.S. under the Saks umbrella are closing as a part of its post-bankruptcy restructuring, according to The Wall Street Journal.

The return of Barneys, meanwhile, could mean a further (massive) shakeup still in high-end shopping, one that may be welcomed by consumers looking to revisit a store that was once a true luxury bastion.