Home Fairfield New York & Company to close stores after parent company declares bankruptcy FairfieldIn the ValleyLatest NewsPremium ContentRetailWestchester New York & Company to close stores after parent company declares bankruptcy By Phil Hall - July 14, 2020 The chain was founded in New York City in 1918 as Lerner Shops. This content is for Westfair Online members only. Please Sign in / Join to view this content. Become a member by Registering Here.