Today In Liquidation: Bankruptcy For Best & Co. Shutters
Children's Shop At Bergdorf's
Children's Shop At Bergdorf's
June 30, 2009
It's back to the trash heap of long lost stores for Best & Co. as Connecticut based retailer which has also been operating the children's department at Bergdorf Goodman is liquidating. The company which though a series of acquisitions is now part of Toys R Us, filed a Chapter 7 petition for liquidation Friday in New Jersey.
Originally remembered as a great Fifth Avenue department store, the Best & Co. name was revived in the late '90s by Susie (the former Mrs. Tommy) Hilfiger in Greenwich, Connecticut as a high end children's store featuring luxury clothes for children, often attracting designers to make special collections. It was a natural fit to take over a leased space on Bergdorf's 7th floor where children's clothing had been eliminated years before. The Greenwich store was precipitously shut on Saturday, and the Bergdorf's space will also close.
Hilfiger sold her company to FAO Schwarz in 2007, and Schwarz was acquired by Toys R Us last month. Presumably, the toy behemoth wanted little to do with a money-losing, exclusive specialty apparel business (can you blame them?). Bergdorf's is now listed among the company's creditors. From all reports, Toys R Us will continue operating the FAO Schwarz stores in New York and Las Vegas, but, for now, it's curtains for Best & Co.
Best & Co. Files Chapter 7 Liquidation (WWD)
How can I find out where & when the remaining clothing will be sold?
Posted by: Ann | July 9, 2009 at 09:28 PM
Is the name Best and company for sale?
Posted by: Peter Berman | July 14, 2009 at 03:10 PM
Where and when will the remaining clothes be sold?
Posted by: bees | July 18, 2009 at 02:41 PM
Would love to know where and when inventory is being sold. Can anyone let me know? Would be most appreciative!
Posted by: karen morganstern | October 4, 2009 at 10:25 AM