Precariously defunct Steve & Barry's was sold at auction to Bay Harbour Management early this morning. The bid, subject to Manhattan bankruptcy court approval today at 11 a.m., is expected to be completed on August 25.
According to WWD, under the terms of the $168 million purchase agreement, the majority of Steve & Barry's 276 stores will continue to operate, offering collections created with entertainers and athletes including Sarah Jessica Parker, Venus Williams, Amanda Bynes, Laird Hamilton, Ben Wallace and Bubba Watson, all of which are produced under licensing relationship with Steve & Barry's.
Well thank God Bitten was saved! (smirk)
Source: WWD
Comments