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Steve & Barry's Sold to Bay Harbour

Fab Flash: Steve & Barry's Will Survive

Fret not Steve & Barry's shoppers, the store will live on. The company, who recently filed for bankruptcy, has been purchased by investment firm Bay Harbour Management for $168 million. We're not the only ones excited about the news. "I'm very pleased that Steve & Barry's will be able to continue to deliver on their mission and look forward to continuing our strong partnership," said Sarah Jessica Parker.

The majority of the 276 Steve & Barry's stores, which houses celebrity collections from the likes of Sarah Jessica Parker, Venus Williams, and Amanda Bynes, will remain open. Whew, that was a close one!

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