Bay Harbour Purchases Steve & Barry's

Bay Harbour Purchases Steve & Barry's
August 22, 2008

BHY S&B Holdings LLC, a newly created affiliate of investment company Bay Harbour Management, has won the bid to buy discount retailer Steve & Barry's. The $168 million purchase agreement calls for a majority of the 276-store chain to remain in operation. BHY S&B also purchased the rights to sell Steve & Barry's exclusive collections endorsed by celebrities, including Sarah Jessica Parker, Amanda Bynes, Ben Wallace, Venus Williams and Bubba Watson. The affiliate also purchased the company's Port Washington, N.Y.-based headquarters, its Columbus, Ohio-based distribution center and certain international offices. The acquisition is anticipated to be finaled Aug. 25.

Produced by: Nielsen Business Media, a part of the Nielsen Company
	Hospitality Design \| Kitchen & Bath Business \| Display & Design Ideas Multi-Housing News \| Commercial Property News \| Impressions

DDI has been heralding the latest retail store design ideas since 1988 and has become a trusted source for all things retail. When DDI first appeared 20 years ago, the market was right for a magazine that focused on the retail environment. DDI has grown to become the retail design resource for store design concepts and a trusted guide to retail design ideas. DDI carefully chronicles the changes and focuses on the things that generate a buzz the world over in the retail industry.