Steve & Barry's LLC may be saved from liquidation after all. The clothing retailer has apparently received a takeover bid from an unidentified hedge fund, according to the New York Post.
The New York Post reports that the hedge fund is U.S.-based with, "a
track record of turning around distressed retail companies". A large
overseas investor could also jump into talks and there are reports
that Sears Holdings Corp. and Gap Inc. may be interested interest in buying Steve
& Barry's.
Lawyers that work on retail bankruptcies believed the
operator of 276 stores in 40 states would likely have to liquidate due
to the retail environment and lack of financing for buyers.
Steve & Barry's LLC may be saved from liquidation after all. The clothing retailer has apparently 
