S&B To Close As New Owner Files For Ch. 11

Law360, New York (November 20, 2008, 12:00 AM EST) -- BH S&B Holdings LLC, the affiliate of Bay Harbour and York Capital Management that purchased the assets of bankrupt clothing retailer Steve & Barry's LLC in August, has itself filed for bankruptcy, meaning all of the chain's 173 stores should close by the end of the year.

BH S&B said in its bankruptcy petition, filed Wednesday in the U.S. Bankruptcy Court for the Southern District of New York, that sales at the remaining Steve & Barry's stores have been disappointing, due to “the general health of...
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