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Downfalls, Layoffs

Steve & Barry’s to liquidate and lay off employees

November 18, 2008

Steve and Barry'sSteve & 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:

Steve and Barry's Store

[WSJ] Apparel Chain Faces Closure Three Months After Rescue

2
Posted in Downfalls, Layoffs by Jacopo Kane
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Starring: Steve & Barry's
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Discussion

  1. November 18 at 1:46 pm
    Steve Barry:

    It’s Venus Williams not Serena Williams.

  2. November 18 at 1:48 pm
    Jacopo Kane:

    You’re absolutely right… corrected in the article — thanks!

•

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