I know everything I am looking for is here, watch movies, watch series, education, games, exams, news, current events and many more.
“Saks Fifth Avenue parent closing 15 more stores in bankruptcy — here are the locations” Saks Global said Friday it was closing 15 more stores as the luxury retailer, which filed for bankruptcy earlier this year, tries to cut losses and focus on more profitable, higher-end locations. The company has largely completed the process of shutting down underperforming stores with…
“Saks Global headed toward bankruptcy after missing debt payment: report” Saks Global is reportedly headed toward bankruptcy after missing payment for the debt it took on to acquire Nieman Marcus. The largest luxury retailer in the world, whose brands include Saks Fifth Avenue, Bergdorf Goodman and Saks off 5th, missed a $100 million payment to…
“Neiman Marcus weighs $5.2M to stay in Dallas, eyes remote work” Dallas officials have approved $5.2 million in economic incentives to keep Neiman Marcus from pulling up stakes in its hometown — but the luxury chain isn’t yet committing, saying it’s shifting to a remote-work strategy that’s less reliant on a corporate headquarters. Neiman and…
“Neiman Marcus lands $200M investment from Farfetch” UK luxury e-tailer Farfetch is investing $200 million in Neiman Marcus to drive the swanky department store’s digital growth, the companies announced on Tuesday. London-based Farfetch is taking a minority stake in Neiman, which also owns the two Bergdorf Goodman stores in New York City. Farfetch will initially…
“#Neiman Marcus mulls splitting into 3 separate businesses” Neiman Marcus is exploring a possible corporate rejiggering that would split the luxury chain into three different businesses, separating its website from its stores and spinning off Bergdorf Goodman, The Post has learned. Neiman’s plans — which appear to mimic a closely watched strategy disclosed this spring…
“#Neiman Marcus in talks for new Dallas offices, sparking employee worries” Neiman Marcus is quietly in talks to acquire new corporate office space in Dallas — and the negotiations are stoking anxiety about the swanky retailer’s future. The struggling luxury chain is close to finalizing a deal for new offices in Dallas to accommodate a…
“#Neiman Marcus hires JPMorgan to explore Bergdorf Goodman sale” Department store chain Neiman Marcus has retained JPMorgan to help it explore its strategic alternatives, including a possible sale of its crown jewel, Bergdorf Goodman, The Post has learned. A number of parties eyeing the super luxurious Fifth Avenue department store have already signed confidentiality agreements…
“#Neiman Marcus weighs possible sale of Bergdorf Goodman” Bergdorf Goodman is exploring a potential sale — and one possible outcome is that it moves to a surprising address nearby, The Post has learned. Neiman Marcus, which has owned the storied Fifth Avenue luxury mecca since 1972, has been interviewing bankers, including for a possible sale,…
“#Atlanta Hawks owner accused of ‘hunting fouls’ in finance” The Atlanta Hawks’ growing reputation for cheap fouls comes as no surprise to people who’ve done business with the NBA team’s billionaire owner, The Post has learned. Private equity chief Antony Ressler, who bought the Hawks in 2015 with a group of investors for $850 million,…
“#Hedge funder Daniel Kamensky sentenced to prison in Neiman Marcus fraud” The New York hedge fund founder who predicted he might “go to jail” for corrupting the sale of some assets during the bankruptcy of Neiman Marcus was sentenced on Friday to six months in prison. Daniel Kamensky, 48, of Roslyn, New York, had pleaded…