Downfalls, Layoffs
Steve & Barry’s to liquidate and lay off employees
Steve & Barry’s, which filed for bankruptcy just a few months ago, will be liquidated by the private equity firm that acquired 175 of its remaining stores. The company’s 5,000 employees will be let go and its inventory will be sold off.
The fire-sale marks a sour end for the nationally-known clothing brand that boasted Sarah Jessica Parker and Serena Venus Williams as high-profile clients. We bid farewell with a picture of one of their empty parking lots:

[WSJ] Apparel Chain Faces Closure Three Months After Rescue

It’s Venus Williams not Serena Williams.
You’re absolutely right… corrected in the article — thanks!