An heir to the fallen Barneys luxury empire strategies to write an explosive inform-all e-book about the retail icon’s demise, sources stated — and he’s pointing the finger at the rest of his loved ones.
Bob Pressman — whose grandfather Barney Pressman started the now-defunct chain in 1923 — is in talks with publishers to dish on his aged mother and siblings in a sensational expose that chronicles the family’s excesses and recounts how it misplaced command of the business, The Post has acquired.
In accordance to an incendiary, two-web site proposal for the e-book received by The Post, Fred Pressman — who famously engineered the transformation of his father’s men’s fit business into a luxury mecca in the sixties — was “a very good and form person” who “was fairly shut with his parents” and who “worked seven days a week.”
The proposal also goes on to declare, nevertheless, that Fred Pressman “had a really extensive affair with a perfectly-recognised Parisian girl. Fred recognized a organization business office in Paris for Barneys New York … which designed the affair in Paris handy and the frequent visits to France effortless to justify.”
Fred Pressman’s wife Phyllis “found out about the affair but by no means explained to Fred to avoid any interruption of her glamorous life-style or Fred’s money stream continuing to stream to her,” the proposal statements.
Bob Pressman, who declined to comment on the proposal when contacted by The Post, has “been sitting down on these mad tales for fifty years” and is “fed up with hiding the truth of the matter about his loved ones,” according to a supply shut to the predicament. He is 67 and semi-retired now from Triton Equity Companions LLC — a retail financial investment organization, according to its LinkedIn web site. He life in Greenwich, Connecticut.
Phyllis Pressman — who lately stated the Hamptons seaside household she and her late husband created forty many years in the past for $52.five million — will be a primary focus on of the e-book, according to the proposal. Fred Pressman died in July 1996 — 6 months immediately after his sons Gene and Bob landed Barneys in individual bankruptcy court docket following an extremely intense expansion. Considering that then, Bob has had only intermittent make contact with with his mother, according to the supply.
Fred is explained as “a wealthy and classy guy” who “grew up among the the higher crust on Central Park West and was relationship modern society and WASP-y females in Manhattan.” But according to the e-book proposal, his mother “wanted him to marry a middle-course Jewish girl.”
A ‘blind date’ introduced Fred and Phyllis with each other
Fred and Phyllis satisfied “on a blind date in New York City” when Phyllis was 19 many years previous, according to the proposal. They acquired married a handful of months afterwards and elevated 4 little ones in a 28-room mansion in Obtain, NY, that had a swimming pool, tennis court docket and stay-in team, the proposal suggests.
The proposal goes on to declare that Phyllis “ran the Pressman household in Obtain like a dictatorship.” Attained by The Post this week, nevertheless, 92-year-previous Phyllis Pressman disputed the statements in a telephone interview.
These provided the proposal’s rivalry that she grew up in the Very long Island suburb of Hewlett in the 5 Cities. In simple fact, she suggests, she grew up in Cedarhurst and Lawrence. She also clarified that she was 20 many years previous when she and Fred acquired married.
“Fred was the adore of my lifetime,” Phyllis Pressman explained to The Post. “He was a really exclusive person.”
The e-book proposal also requires purpose at Bob Pressman’s more mature brother Gene. The pair ran Barneys as co-CEOs in the nineteen nineties with Robert overseeing funds and Gene taking on the more seen, glamorous roles as a confront of the organization, attending special parties with style luminaries which includes Vogue editor Anna Wintour.
“Gene was reckless with dollars and women of all ages,” the e-book proposal states, adding that he had a really hard-partying life-style and “was infamous for hanging out at Studio 54 in Manhattan.”
On the business side, the e-book statements that Gene Pressman’s lavish structure for the
Barneys New York flagship on Madison Avenue ran more than $200 million over budget.
Subsequently, Barneys was forced into individual bankruptcy, the e-book proposal statements. “Gene did not treatment for the reason that he lived underneath the several delusions of his failed achievements and self-value.”
An expansion plan some termed extremely intense
In addition to lavish spending, press accounts of the Barneys 1996 individual bankruptcy cited an extremely intense expansion plan and a troubled marriage with a Japan-based business partner. In a statement to The Post, Gene Pressman fired again, denying the e-book proposal’s accusations.
“It is sad Bob has these a casual relationship with the truth of the matter, one particular of the many reasons our loved ones is so let down with him,” Gene Pressman stated. “Through the adore and support I been given from my loved ones, I have been fortunate to stay a lifetime focused to supporting the arts, making attractive things, cultivating ground breaking tips.”
The elder Pressman brother added that, “Regarding Barneys, Bob conveniently forgets he was in simple fact the co-CEO responsible for the financial balance of organization, a part in which by all steps he massively failed.”
The e-book proposal, by contrast, statements that Bob “argued with his loved ones all the time when the Barneys New York Madison Avenue retailer was being created,” protesting the massive tab that was being run up.
Sisters Nancy and Elizabeth file lawsuits towards Bob
Three many years immediately after the 1996 individual bankruptcy filing, Bob acquired slapped with lawsuits from his sisters, Nancy Pressman-Dressler and Elizabeth Pressman-Neubardt, who accused him of dishonest them out of $30 million, professing he took more than his fair share of the business in the reorganization. The sisters had worked as prospective buyers at the organization.
“The Pressman sisters are making an attempt to reinvent concerns that have been carefully reviewed, and solved or dismissed in conjunction with the Barneys Inc. Chapter eleven scenario confirmed by the individual bankruptcy court docket over 6 months in the past,” Bob Pressman stated in a statement at the time. “They just do not like that consequence,” he added.
A New York choose awarded the sisters $eleven.three million 2002. Their brother appealed the verdict. The e-book is promising unreported aspects on more than three many years of litigation that ensued, according to a supply.
Nancy Pressman “was recognised to be publicly really loud and opinionated. She
dropped out of higher education,” the e-book proposal states. Liz Pressman “was the most spoiled and the youngest,” the proposal statements, adding that she was fond of “spending her Daddy’s dollars.”
Nancy declined to comment. Liz did not reply to a ask for for comment.
As for Bob Pressman, the proposal suggests he “was recognised as the unexciting one particular as he did not like to party all night … He saved to himself and felt the other three kids were obnoxious, spoiled brats … Bob favored to say that he was the ‘adopted one’ as he felt like he was from a distinct loved ones.”
It is not distinct whether or not the e-book will delve into Bob Pressman’s personal latest headlines. In 2017, court docket papers exposed he had a torrid affair with a 38-year-previous girl he satisfied at a vacation resort in San Juan, Puerto Rico. Pressman claimed the North Carolina girl, Anna Purcell, still left their $17,000-a-month rental household in Greenwich immediately after he suffered a stroke, forcing him to phone 911 himself and taking 1000’s of bucks from his wallet while he was in the hospital.
Purcell — who Pressman claimed had recognized items which includes a $127,300 Cartier engagement ring and a $forty,000 for a Jeep Grand Cherokee — claimed in court docket papers she hadn’t recognised Pressman was married at the time. Right after Pressman dumped her, he claimed she tried using to extort him for more than $twelve million, threatening to inform his wife about the affair. Purcell’s law firm termed Pressman’s allegations a “total fabrication.”
Purcell died in 2019, according to general public documents, which did not disclose the cause of dying.
Pressman’s e-book would be only the 2nd written about his loved ones and Barneys, which submitted for individual bankruptcy for the 2nd time in August 2019, liquidated its business and marketed its brand name to a licensing organization for $270 million. In 1999, William Morrow posted “The Increase and Slide of the Household of Barneys: A Relatives Tale of Chutzpah, Glory and Greed, by Joshua Levine, but devoid of the Pressman’s cooperation.
Whilst the e-book is in the early stages, Pressman has had preliminary make contact with with various publishers, according to the supply. He is bracing for achievable litigation to cease publication, but “wants to set out his tale,” the supply added.