Daily News: December 15, 2017

Tiger Group, Great American Liquidate Calypso St. Bath Inventory


Resort wear, home goods, furniture and more are being offered at prices ranging from 25% to 50% off retail as luxury chain Calypso St. Barth liquidates all its stores. Tiger Group and Great American Group are supervising the going-out-of-business sales at 16 boutiques in New York, Georgia, Massachusetts, Colorado, California, Florida, Arizona, Maryland and South Carolina.

Valued at a total of $15 million, the inventory is drawn from 25 Calypso St Barth’s boutiques, nine of which have already closed for good. The remaining 16 stores will be shuttered at the close of the liquidation process. Seven other U.S. locations were previously closed. Calypso St. Barth filed for Chapter 7 bankruptcy protection on Nov. 29, 2017, in the U.S. Bankruptcy Court, District of New Jersey.

Founded on the Caribbean island of Saint Barthélemy in 1992, Calypso St. Barth is a luxury lifestyle brand.