Steve & Barry's back from the brink of bankruptcy
Fans of Steve & Barry's may be happy to hear that the discount seller of clothing lines by celebrities has been bought out of bankruptcy.
If you're not aware of Steve & Barry's, might I refresh your memory by reminding you that Sarah Jessica Parker, she of Sex and the City fame, released her fashion line Bitten at S&B's stores last year? Ditto for tennis ace Venus Williams, who launched her own clothin line EleVen there in November and NBA star Stephon Marbury, who released a collection of high-performance, smartly styled basketball shoes in 2006 that all cost under $14.98.
In case you were worried that the stores would disappear altogether, S&B's said yesterday that BH S&B Holdings, a newly formed affiliate of investment firms Bay Harbour Management and York Capital Management, purchased S&B's.
The chain will continue to run with a smaller base of approximately 170 stores, S&B said. There were 276 stores prior to its bankruptcy filing.
In our local market, that means the S&B's at Cromwell Field in Glen Burnie, Eastpoint Mall in Baltimore, and Town Mall in Westminister will remain open.
(Sun Photographer Andre F. Chung)
Comments
Whew!
DD: Sam Sessa, my favorite lush. I knew you were a fan of Bitten.
Posted by: Sam Sessa | September 3, 2008 1:39 PM
SWEET! When are the new shoe shipments coming in?
DD: Frank, I don't know. But I will try to call them to find out if there's an answer for you.
Posted by: frank | September 3, 2008 2:03 PM
Hope i get my job back in that case. :(
DD: Me, too. I hope you get your job back, too, Sid.
Posted by: Sid | September 7, 2008 11:33 AM
It's a shame that some stores are closing. We had a store 30 mins away that closed. Now the closest store is 2 hours away. Unless you are spending a lot, it is better to get inexpensive clothes a Walmart or Target (15 mins away) than drive 2 hours.
DD: I have to confess, Bill B., I've never shopped at Steve & Barry's. What type of stuff did you like to buy there?
Posted by: Bill B. | October 20, 2008 12:37 PM