A person in a passing vehicle captured video footage of the getaway, which reported at 6 p.m. outside a Fendi store in the 200 block of North Rodeo Drive.
According to Beverly Hills police, one of the robbers pushed a security guard to the ground during the robbery.
The suspects then ran out of the store and fled in three waiting vehicles that were parked around the corner. Patrol units later pulled over one of those vehicles, took the juvenile occupants into custody and recovered several stolen Fendi items, authorities said.
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The arrested suspects were released to their parents, police said. The robbers who drove off in the other two vehicles remained at large.
Investigators said Tuesday's incident is believed to be connected to a robbery at a Saint Laurent store earlier this week.