Click Above Photo to Visit the American Tennis Association (ATA)

Welcome Tennis Lovers!!

I Missed This One: Steve & Barry's Bankrupt!

Wednesday, August 6, 2008

Black Tennis Pro's Steve and Barry's Venus WilliamsNEW YORK (Reuters) - Bankrupt apparel chain Steve & Barry's LLC can pay tennis star Venus Williams under the terms of her clothing line contract, a U.S. bankruptcy judge said on Tuesday.

Steve & Barry's, which plans to sell itself at an auction later this month, can pay Williams the $250,000 owed to her under a license agreement, provided she makes certain assurances, Judge Allan Gropper said at a court hearing in Manhattan.

Steve & Barry's was seeking to make $625,000 in payments to Williams, professional surfer Laird Hamilton and basketball player Ben Wallace for their license agreements, but Gropper said the company should wait at least two weeks until its sale procedures are approved.

He said the payment to Williams could be made now as she is expected to wear Steve & Barry's apparel while competing in the Olympic Games in Beijing over the next few weeks. Williams wore designs from her Steve & Barry's "Eleven" clothing line when she won the Wimbledon singles title a month ago.

Gropper said he would allow the other two celebrities to submit further proof that they needed to be paid more urgently. He said all the celebrities, including Williams, would have to show that Steve & Barry's would benefit from something other than "amorphous good will" by paying the celebrities now.

Celebrity-licensed clothing at Steve & Barry's accounted for 41 percent of the chain's in-store sales year-to-date, a lawyer for the company, Shai Waisman, said at the hearing.

The company also sells clothing lines created by actresses Sarah Jessica Parker and Amanda Bynes, but neither was a part of the Tuesday proceeding.

The 276-store chain filed for bankruptcy protection in July citing tight credit markets, higher costs and a decline in consumer spending that left it unable to pay its debts.

On Monday the company said Bay Harbour Management had agreed to become the firm's "stalking horse" bidder with an offer to purchase the company as a going concern for $163 million. The bid allows Bay Harbour to make the first offer at the company's auction for its assets later this month.

Read the rest of this post...........

Posted by Shelia
Labels: ,

Email this post

Venus and Serena: The Sisters Bring Their Fashion To France

Monday, May 26, 2008

As usual, the very fashion conscious and fashion forward Williams sisters have arrived in Paris at Roland Garros ready to play tennis - and look good doing it.

Serena displayed her Nike style in a lovely "Doubles Women's Tennis Dress" in "chalk/dark obsidian/dark obsidian" (unless they have a men's tennis dress, why call it a 'women's tennis dress?' we know! *shoulder shrug*).

I'm really liking the fabric on this dress. If you'll notice Serena in action, the dress isn't crawling up or bunching anywhere. Those of you who want to look "cute" yet get your tennis on know that clothes crawling all over you during play is most annoying.

Plus, if your game truly sucks, they'll be so busy admiring your fashion sense, your game won't get beat up on so bad (yeah right).

Black Tennis Pro's FashionBlack Tennis Pro's Fashion
Nike also offers the "Paris Women's Tennis Dress" in a "dark obsidian chalk/chalk" option for those who wish to be a bit more daring.

Black Tennis Pro's Fashion*Black Tennis Pro's has no Nike affiliation, just letting you know how to cop this style if you wish.

Venus on the other hand is rockin' part of her very own collection, EleVen, which opened to big fanfare and high praise. I personally love it and own a couple of pieces. Venus' entire collection can only be purchased at Steve and Barry's. There are some very nice coordinates in a variety of styles. It's well worth the look!

I tend to like some structure in athletic attire, the polos in this collection are incredible. If you just must sweat, ehhh "glow" and carry on, you might as well look well put together throughout the process.

Black Tennis Pro's FashionBlack Tennis Pro's Fashion
*Black Tennis Pro's has no EleVen or Steve and Barry's affiliation. Once again, just letting you know how to cop the style.

Photo of Venus:
Reuters Francois Lenoir
Photo of Serena:
Mike Hewitt/Getty Images

Read the rest of this post...........

Posted by Shelia
Labels: , , , , , ,

Email this post
Related Posts Plugin for WordPress, Blogger...

Design by Blogger Buster