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.
The luxury British brand will offer consignors of its items a personal shopping experience, enticing them back into its stores.
Vogue Greece will be the magazine's 26th international edition, run by a 29-year old editor-in-chief Thaleia Karafyllidou.
The footwear brand is opening its first flagship store in the Greek capital, while also launching new products such as handbags, anklets and candles.
Previous reports stating that the company misrepresented sales sent its shares into a tailspin, prompted a legal investigation, a series of fines and executive resignations.
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The preliminary analysis said that 2017 Asian sales were about $117 million, compared with $1.1 billion declared in the company’s most recent financial report published in April.
As the Greek edition prepares for a spring 2019 launch, editor-in-chief Thaleia Karafyllidou speaks to BoF exclusively about her vision and surprising developments in the Greek luxury market.
The Acropolis is listed as a World Heritage Site by the United Nations cultural organisation, Unesco.
BoF’s Entrepreneurship Week continues with the Athens-based start-up co-founded by an ex-Balenciaga footwear designer that grew over 51 percent year-on-year through the country's economic crisis.
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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.