NEW YORK, United States — Hudson's Bay Co, operator of Lord & Taylor and Canada's The Bay department stores, said on Monday that it would buy luxury retailer Saks Inc for $16 per share, or $2.9 billion in cash.
NEW YORK, United States — Saks Inc. rose as much as 19 percent after the New York Post reported Starwood Capital Group LLC had joined bidding for the luxury department store chain.
NEW YORK, United States — Saks Inc on Tuesday reported higher-than-expected first-quarter sales but said investments to launch an e-commerce site for its outlet chain would weigh more on profits than expected.
London fashion week showcases the best of British (Guardian) “This week Stella McCartney and Sarah Burton arrived on a catwalk previously ruled by Burberry and Christopher Kane, and yet it felt more like a celebration than a contest, because the strongest brand in London fashion is London itself.” UK manufacturing skills a lure for luxury brands (Reuters) “Britain’s fashion manufacturing is experiencing a
Thinking, and Literally Looking, Very Big (IHT) “Of all the performer’s covers, this Visionaire production, with its photograph of a slinky, shimmering mermaid Gaga with a tar-covered fish tail, has to be the most flamboyant. The magazine is two meters high and 1.5 meters wide, or 6 feet high and 4.8 feet wide.” Luxury conquers its CSR fear (FT) “An interesting policy shift is creeping through the luxury industry: