Steve & Barry Short of Cash

7:44 PM


SAY IT AINT SO!!

With cash running short for retailer Steve & Barry's LLC, the company is readying plans to close more than 100 of its stores, and is contemplating a full liquidation should it not find emergency financing, people familiar with the company say.

The Port Washington, N.Y.-based chain is seeking a tentative plan for about $40 million in debtor-in-possession financing if it must file for bankruptcy protection, several people familiar with the company say.

One scenario would have the private-investment firm Angelo, Gordon & Co. contributing $20 million, but the story continued

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