Undisclosed Buyer Will Take Over Ribnick’s Location
The North Loop’s oldest retailer, Ribnick Luxury Outerwear, will end its 76-year run in the neighborhood when it closes for good on December 31st.
The historic building at 224 North 1st Street was purchased by Isaac Ribnick in 1945. His grandson, Bill, who currently runs the business, has fielded many offers to sell it over the years but has resisted until now.
“The offers got better,” he said. “It’s bittersweet. On one hand, I will miss it because I love it. On the other hand, I get a chance to enjoy life and not work.”
Ribnick said he couldn’t reveal who’s purchasing the property, or even say whether it’s another retailer or perhaps a restaurant. “The buyer will disclose that when they are ready,” he said.
Ribnick says he’ll leave with many fond memories, including the numerous celebrities he’s met. His store outfitted many of the 1987 Minnesota Twins for their victory parade and White House visit after winning the World Series.
Signs went up on the store this week, offering 40-60% off all merchandise.
The official closing date is set for December 31st.
By Mike Binkley, North Loop neighborhood volunteer