Barneys heir plans explosive tell-all book about retailer’s demise

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An heir to the fallen Barneys luxurious empire plans to jot down an explosive tell-all book about the retail icon’s demise, sources mentioned — and he’s pointing the finger at the remainder of his household.

Bob Pressman — whose grandfather Barney Pressman based the now-defunct chain in 1923 — is in talks with publishers to dish on his aged mom and siblings in a sensational expose that chronicles the household’s excesses and recounts the way it lost management of the business, The Post has realized.

According to an incendiary, two-page proposal for the book obtained by The Post, Fred Pressman — who famously engineered the transformation of his father’s males’s go well with business right into a luxurious mecca within the Nineteen Sixties — was “a good and kind person” who “was quite close with his parents” and who “worked 7 days a week.”

The proposal additionally goes on to say, nevertheless, that Fred Pressman “had a very long affair with a well-known Parisian lady. Fred established a company office in Paris for Barneys New York … which made the affair in Paris convenient and the frequent visits to France easy to justify.”

Fred Pressman’s spouse Phyllis “found out about the affair but never told Fred to avoid any interruption of her glamorous lifestyle or Fred’s cash flow continuing to flow to her,” the proposal claims.

Bob Pressman, who declined to touch upon the proposal when contacted by The Post, has “been sitting on these crazy stories for 50 years” and is “fed up with hiding the truth about his family,” based on a supply near the state of affairs. He is 67 and semi-retired now from Triton Equity Partners LLC — a retail funding agency, based on its LinkedIn web page. He lives in Greenwich, Connecticut.

Fred Pressman, son of Barneys founder Barney Pressman, was mentioned to be a sort, hard-working man, however one who had a long-term affair with a Parisian girl and opened a Barneys office in France to justify his frequent travels to the nation, based on a brand new book proposal.
Bettmann Archive/Getty Images

Phyllis Pressman — who just lately listed the Hamptons seaside house she and her late husband constructed 40 years in the past for $52.5 million — might be a primary goal of the book, based on the proposal. Fred Pressman died in July 1996 — six months after his sons Gene and Bob landed Barneys in chapter court docket following an excessively aggressive enlargement. Since then, Bob has had solely intermittent contact along with his mom, based on the supply.

Fred is described as “a wealthy and classy guy” who “grew up among the upper crust on Central Park West and was dating society and WASP-y ladies in Manhattan.” But based on the book proposal, his mom “wanted him to marry a middle-class Jewish lady.”

A ‘blind date’ introduced Fred and Phyllis collectively

Fred and Phyllis met “on a blind date in New York City” when Phyllis was 19 years outdated, based on the proposal. They received married a couple of months later and raised 4 kids in a 28-room mansion in Purchase, NY, that had a swimming pool, tennis court docket and live-in workers, the proposal says.

Phyllis Pressman, the writer’s mom and Fred Pressman’s spouse, seen on this 1993 picture, might be a primary goal of the book, based on the book proposal.
Michael Schwartz/New York Post

The proposal goes on to say that Phyllis “ran the Pressman household in Purchase like a dictatorship.” Reached by The Post this week, nevertheless, 92-year-old Phyllis Pressman disputed the claims in a cellphone interview.

Those included the proposal’s rivalry that she grew up within the Long Island suburb of Hewlett within the Five Towns. In truth, she says, she grew up in Cedarhurst and Lawrence. She additionally clarified that she was 20 years outdated when she and Fred received married.

“Fred was the love of my life,” Phyllis Pressman advised The Post. “He was a very unique person.”

The book claims that Bob Pressman’s older brother Gene Pressman’s lavish design for the Barneys New York flagship on Madison Avenue ran greater than $200 million over funds.
Getty Images

The book proposal likewise takes purpose at Bob Pressman’s older brother Gene. The pair ran Barneys as co-CEOs within the Nineteen Nineties with Robert overseeing funds and Gene taking over the extra seen, glamorous roles as a face of the company, attending unique events with style luminaries together with Vogue editor Anna Wintour.

“Gene was reckless with money and women,” the book proposal states, including that he had a hard-partying way of life and “was notorious for hanging out at Studio 54 in Manhattan.”

On the business aspect, the book claims that Gene Pressman’s lavish design for the

Barneys New York flagship on Madison Avenue ran greater than $200 million over funds.

Fred Pressman is credited with famously engineering the transformation of his father’s males’s go well with business right into a luxurious mecca.
New York Post

Subsequently, Barneys was compelled into chapter 11, the book proposal claims. “Gene didn’t care because he lived under the multiple delusions of his failed success and self-importance.”

An enlargement plan some referred to as overly aggressive

In addition to lavish spending, press accounts of the Barneys 1996 chapter cited an excessively aggressive enlargement plan and a troubled relationship with a Japan-based business associate. In an announcement to The Post, Gene Pressman fired again, denying the book proposal’s accusations.

“It is sad Bob has such a casual relationship with the truth, one of the many reasons our family is so disappointed with him,” Gene Pressman mentioned. “Through the love and support I received from my family, I have been fortunate to live a life dedicated to supporting the arts, creating beautiful things, cultivating innovative ideas.”

Barneys was an iconic supply for luxe style earlier than it filed for chapter.
Frank Leonardo/New York Post

The elder Pressman brother added that, “Regarding Barneys, Bob conveniently forgets he was in fact the co-CEO responsible for the financial stability of firm, a role in which by all measures he massively failed.”

The book proposal, in contrast, claims that Bob “argued with his family all the time when the Barneys New York Madison Avenue store was being built,” protesting the huge tab that was being run up.

Sisters Nancy and Elizabeth file lawsuits in opposition to Bob

Three years after the 1996 chapter submitting, Bob received slapped with lawsuits from his sisters, Nancy Pressman-Dressler and Elizabeth Pressman-Neubardt, who accused him of dishonest them out of $30 million, claiming he took greater than his truthful share of the business within the reorganization. The sisters had labored as patrons on the company.

The iconic Barneys constructing seen in 1983.
Robin Graubard/New York Post

“The Pressman sisters are trying to reinvent issues that have been thoroughly reviewed, and resolved or dismissed in conjunction with the Barneys Inc. Chapter 11 case confirmed by the bankruptcy court over six months ago,” Bob Pressman mentioned in an announcement on the time. “They simply do not like that result,” he added.

A New York choose awarded the sisters $11.3 million 2002. Their brother appealed the decision. The book is promising unreported particulars on greater than three years of litigation that ensued, based on a supply.

Nancy Pressman “was known to be publicly very loud and opinionated. She

dropped out of college,” the book proposal states. Liz Pressman “was the most spoiled and the youngest,” the proposal claims, including that she was keen on “spending her Daddy’s money.”

Nancy declined to remark. Liz didn’t reply to a request for remark.

As for Bob Pressman, the proposal says he “was known as the boring one as he didn’t like to party all night … He kept to himself and felt the other three kids were obnoxious, spoiled brats … Bob liked to say that he was the ‘adopted one’ as he felt like he was from a different family.”

It’s not clear whether or not the book will delve into Bob Pressman’s personal current headlines. In 2017, court docket papers revealed he had a torrid affair with a 38-year-old girl he met at a resort in San Juan, Puerto Rico. Pressman claimed the North Carolina girl, Anna Purcell, left their $17,000-a-month rental house in Greenwich after he suffered a stroke, forcing him to name 911 himself and taking 1000’s of {dollars} from his pockets whereas he was within the hospital.

Purcell — who Pressman claimed had accepted items together with a $127,300 Cartier engagement ring and a $40,000 for a Jeep Grand Cherokee — claimed in court docket papers she hadn’t recognized Pressman was married on the time. After Pressman dumped her, he claimed she tried to extort him for greater than $12 million, threatening to inform his spouse about the affair. Purcell’s lawyer referred to as Pressman’s allegations a “total fabrication.”

Purcell died in 2019, based on public paperwork, which didn’t disclose the reason for dying.

Pressman’s book can be solely the second written about his household and Barneys, which filed for chapter for the second time in August 2019, liquidated its business and offered its model to a licensing agency for $270 million. In 1999, William Morrow printed “The Rise and Fall of the House of Barneys: A Family Tale of Chutzpah, Glory and Greed, by Joshua Levine, however with out the Pressman’s cooperation.

While the book is within the early levels, Pressman has had preliminary contact with quite a few publishers, based on the supply. He is bracing for attainable litigation to cease publication, however “wants to put out his story,” the supply added.