• Most Popular
  • Most Shared

Steve & Barry's could shutter more than 100 stores: Bay Harbour

NEW YORK
Thu Aug 21, 2008 1:43pm EDT

NEW YORK (Reuters) - Steve & Barry's will shutter more than 100 of its about 276 stores and possibly more if purchaser BHY S&B doesn't reach favorable concessions with landlords, according to Bay Harbour Management, one of the parties involved with the turnaround.

Bonds  |  Private Capital

"It's going to be a little more than half its former size," Douglas Teitelbaum, managing principal of Bay Harbour, told Reuters.

(Reporting by Chelsea Emery, editing by Phil Berlowitz)
Bonds
Private Capital


More from Reuters

Photo

Obama will not rush Afghan troop drawdown

OSLO (Reuters) - There will be no "precipitous drawdown" of U.S. forces in Afghanistan and U.S. troops could still be in the country for years to come, President Barack Obama said on Thursday.

» More Top News
A glass of tap water is served at a restaurant in New York June 10, 2009 REUTERS/Shannon Stapleton

G7 glass half empty

Recovering from a punishing global recession has forced the world's richest nations to pay dearly, prompting subdued growth prospects and delayed sighs of relief.   Full Article 

Global markets
Tom Metzold, Vice President of Eaton Vance Management and Senior Portfolio Manager at Eaton Vance, speaks at the Reuters Global Media Summit in New York, December 9, 2009. REUTERS/Brendan McDermid

"Everything's not hunky-dory"

Did the worst downturn in 70 years leave a permanent scar? Top money managers like Tom Metzold examine how a "new normal" will shape things to come.  Full Article 

Investment Outlook Summit