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Tag Archives: SJP

Steve & Barry’s is being sold!

The line of retail stores will be officially bought on Monday by BHY S&B Holdings LLC.

Turns out it means nothing to the customer (yet).

Under the terms of the $163 million purchase agreement, the majority of Steve & Barry’s 276 stores will continue to serve customers nationwide, according to a statement issue by the stores.

All of the collections they carry by Sarah Jessica Parker, Venus Williams, Amanda Bynes, Laird Hamilton, Ben Wallace and Bubba Watson, will remain in stores.

However, company reps did say that BHY S&B Holdings has made no decisions concerning which Steve & Barry’s stores will close or when, although an announcement is anticipated in the next week.

Steve & Barry’s LLC has announced that it filed for Chapter 11 bankruptcy on Wednesday.

We haven’t yet figured out what this means for the millions of consumers who probably flood their stores in search of easy-on-the-pocket clothing.

Will prices go up?

Will some of the designers and lines like SJP’s Bitten be dropped?

Will they forgo plans to add Ciara to the celeb designer lineup?

Will some of the stores be closed down?

Who knows…

We’ll keep you posted.

Meanwhile Steve and Barry’s has released a statement assuring customers that its 276 retail locations are open today and conducting business as usual.