Best & Co. Ceases Operations

Best & Co., a Greenwich, Conn.-based upscale children’s wear company that dates back to 1879, filed for Chapter 7 bankruptcy protection

on June 26 and announced on its Web site that it would discontinue operations. The company, which was acquired by FAO Schwarz two years ago and headed by president Catherine Moellering, had a retail flagship location in Greenwich and a shop-in-shop inside Bergdorf Goodman. In the filing, Best & Co. cited assets of $1 million to $10 million and liabilities of the same amount.

Read the July issue and learn more about: The enduring appeal of keepsake gifts  Communion wear trends Veteran retailers’ recession-busting tips  Plus: Versatile special occasion wear Coming In August: Behind the scenes of the upcoming spring season Recession-busting tips from veteran retailers A statistical analysis of the Canadian Market Swim fashion Plus: The Little Steps Spring ’10 shoe supplement