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.
Haein Dorin’s career began in entertainment publicity before she moved into fashion through a job at Condé Nast. She has held leadership roles at publications GQ and Highsnobiety, and joined e-commerce platform Ssense. Now, she shares her careers advice.
Haein Dorin’s career began in entertainment publicity before she moved into fashion through a job at Condé Nast. She has held leadership roles at publications GQ and Highsnobiety, and joined e-commerce platform Ssense. Now, she shares her careers advice.
Fashion companies rely heavily on part-time associates to respond to a volatile industry where demand is often seasonal and margins are thin — but many drop the ball when it comes to making the job rewarding.
With the cost of living crisis affecting both businesses and individuals, discussions about pay are a delicate but critical hurdle for employees to navigate today. BoF spoke to negotiation and compensation consultants, as well as industry professionals, on how to approach and prepare for these conversations.
With the cost of living crisis affecting both businesses and individuals, discussions about pay are a delicate but critical hurdle for employees to navigate today. BoF spoke to negotiation and compensation consultants, as well as industry professionals, on how to approach and prepare for these conversations.
Adam Baidawi set his sights on working at GQ while growing up in Australia. Having started his career as a freelance music journalist, he landed his first role at the Condé Nast publication. In 2020, Baidawi was promoted to deputy global editorial director, supporting GQ’s 21 editions around the world, and relocated to London to head up editorial content at British GQ. His work has also appeared in Vanity Fair, Vogue, CNN and Rolling Stone.
Adam Baidawi set his sights on working at GQ while growing up in Australia. Having started his career as a freelance music journalist, he landed his first role at the Condé Nast publication. In 2020, Baidawi was promoted to deputy global editorial director, supporting GQ’s 21 editions around the world, and relocated to London to head up editorial content at British GQ. His work has also appeared in Vanity Fair, Vogue, CNN and Rolling Stone.
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In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
BoF spoke to fashion HR managers, career coaches and an employment lawyer to share advice on how to navigate the experience, better understand the legalities of the situation and optimise your next career steps.
From wage hikes to tuition assistance, fashion firms say they’re pulling out all the stops to revamp the store associate role — but their efforts aren’t taking hold.
Last year’s harsh pandemic restrictions and recent raids on foreign firms have made it harder for Western fashion companies to persuade top international talent to move to the country.
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Diversity, equity and inclusion efforts were already losing momentum before the Supreme Court weighed in. The ruling may accelerate the backslide, experts say.
High-end brands are counting on brick-and-mortar retail to deliver the sort of personalised shopping experiences that can’t be replicated online. But hiring and training employees to pull that off can be a challenge.
High-end brands are counting on brick-and-mortar retail to deliver the sort of personalised shopping experiences that can’t be replicated online. But hiring and training employees to pull that off can be a challenge.
Knowing whether an opportunity is a no-hope scenario or a potential career-defining moment is half the battle for rising executives.
The industry’s “always on” mentality can make balancing domestic and professional responsibilities a challenge, even when companies offer robust family benefits.
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.
The announcement comes more than 20 years after Life, which was initially founded in New York City in 1883, stopped its regular publications.
A deadline to submit initial offers passed on Thursday, with a final deal expected to close mid-April.
Shoppers “get bored very quickly,” Régis Schultz, JD Sports’ CEO, said.
British sportswear retailer JD Sports said trading conditions remained challenging after its like-for-like sales dropped in January, resulting in fourth-quarter growth of just 0.1 percent.
Luxury watchmaker Favre Leuba plans to unveil more than two dozen timepieces later this year, priced as much as 24,000 Swiss francs ($26,489), as part of a brand relaunch that seeks to expand the Swiss pioneer’s appeal beyond its majority Indian consumer base.
L Catterton, backed by French luxury group LVMH Moet Hennessy Louis Vuitton SE, is launching a new vehicle to invest in Indian consumer-sector companies as it increases the focus on the fastest-growing major economy in the world.
The online market for secondhand apparel hit $20 billion in the US in 2023 and is expected to more than double over the next five years, according to a new report from ThredUp and Global Data.