Saks Global moved to consolidate its business this week, laying off hundreds of workers across its corporate offices, stores and a fulfilment centre in Tennessee, …
Tag
Showing: 1 - 20 of 34 RESULTS
Saks
Virgil Abloh Autobiography, Parker Posey’s New Gig, and Layoffs at Saks Global
Image courtesy of people.com We love Parker Posey in “White Lotus,” now in its third season. But, you will probably love Parker Posey even more …
Saks Global Is Laying Off About 5% of US Corporate Workers
Saks Global is laying off around 5 percent of its US corporate workforce, according to a person familiar with the plan, as the department store …
Poor Payors: Assessing the Storm Around Saks
Dear BoF Community, Late last week, we started to receive DMs and WhatsApp messages with screenshots of a letter written by Saks Global CEO Marc …
Saks Needs to Earn Back Brands’ Trust
This week, a long-simmering conflict between Saks Fifth Avenue and the brands it works with spilled out into the open. To recap: on Feb. 14, …
Saks Wanted to Clear the Air With Brands. The Plan Backfired.
If Saks Global intended to extend an olive branch by promising to make whole 2,000-odd brands on long-delayed payments, the strategy appears to have backfired. …
Saks Hosts The NYFW Kick Off Party
New York Fashion Week is officially in full swing, and Saks Fifth Avenue made sure the celebrations started with a bang. On Wednesday evening, the …
Saks Finalises Acquisition of Neiman Marcus Group
Saks Global, the entity that controls Saks Fifth Avenue and off-price chain Saks Off Fifth, has wrapped up its $2.7 billion acquisition of Neiman Marcus …
Saks Owner Hudson’s Bay Is Selling Junk Bonds for Neiman Deal
Hudson’s Bay Co., the owner of luxury retailer Saks Fifth Avenue Inc., is tapping the junk-bond market to help finance its acquisition of Neiman Marcus …
Dakota Fanning Wore Zimmermann To The Saks Summer Dinner in the Hamptons
Dakota Fanning hosted the Saks Summer Dinner in the Hamptons held at the Sag Harbor Tavern on Thursday in Sag Harbor, New York. The actress …
The First Lady’s Magazine Cover, Kate Spade and Heinz Ketchup, and Saks Close to Acquiring Neiman Marcus
Image courtesy of wgme.com You would have to be living under a rock or in alternate universe if you haven’t been witnessing the media’s commentary …
Saks’ Online CEO Says Amazon to Help ‘Future-Proof’ Neiman Deal
America’s two largest luxury department-store chains are combining — and they’ll rely in part on the tech expertise of Amazon and Salesforce Inc. to help …
Can Saks, Neiman Marcus and Amazon Save the American Department Store?
The merger of Saks Fifth Avenue and Neiman Marcus represents the most dramatic change to the American department store landscape since the formation of Macy’s …
Saks Will Merge With Neiman Marcus Group: Report
The owner of Saks Fifth Avenue has acquired Neiman Marcus Group in a $2.65 billion deal, according to a report in The Wall Street Journal. …
Saks and Thom Browne Celebrate Capsule Collection Launch
On Thursday, April 4, Saks Fashion Director Roopal Patel and Thom Browne hosted a dinner at Beverly Hills hotspot Mr. Chow to celebrate the launch …
Saks Fifth Avenue Flagship Appraised at $3.6 Billion as It Renews Neiman Push
The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, …
Gucci’s New Groove and a Smart New Saks
Plus Nordstrom celebrates Black-owned brands Words by ELIZABETH VARNELL PHOTO: Gaspar J. Ruiz Lindberg. Gucci’s New GrooveNew proportions emerged, a new shade of deep …
Saks Operator HBC in Talks to Raise Liquidity, Refinance Loan
The owner of department store chains including Saks Fifth Avenue is working on refinancing a $1.3 billion loan, according to people familiar with the situation, …
6 Secrets About Shopping at Saks OFF 5TH — Best Life
The product recommendations in this post are recommendations by the writer and/or expert(s) interviewed and do not contain affiliate links. Meaning: If you use these …
Saks Owner Raises $340 Million After Retailer Didn’t Pay Vendors For Months, Sources Say
NEW YORK – Saks Fifth Avenue owner Hudson’s Bay Company has raised $340 million to help fund its retail operations. The group announced the fresh …