Fret not Steve & Barry's shoppers [1], 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 [2] Sarah Jessica Parker.

The majority of the 276 Steve & Barry's stores, which houses celebrity collections from the likes of Sarah Jessica Parker [3], Venus Williams, and Amanda Bynes [4], will remain open. Whew, that was a close one!