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LVMH-Backed L Catterton Weighs Selling Stake in Saudi Arabia's Bateel
Bloomberg· 3 days agoL Catterton, the private equity firm backed by luxury French fashion house LVMH, is looking to sell...
China steps up pressure with EU brandy probe hearing as EV tariffs begin
Reuters via Yahoo Finance UK· 4 days agoBEIJING (Reuters) -China announced the next step in its anti-dumping investigation into European...
Saks Owner Seals $2.65 Billion Neiman Deal With Amazon Help
Bloomberg via Yahoo Finance UK· 4 days ago(Bloomberg) -- The owner of Saks Fifth Avenue is acquiring Neiman Marcus Group for $2.65 billion — a...
Saks buys Neiman Marcus in $2.6bn deal — with a little help from Amazon
The Independent via Yahoo News UK· 4 days ago“There will be efficiencies, without a doubt,” Robert Burke, the founder of a luxury retail...
How Business Schools Are Helping Shape The Future Of Luxury
Forbes· 4 days agoBernard Arnault, the founder and CEO of LVMH, has certainly brought inspired management to the luxury sector in the past 40 years. With the purchase of a retail conglomerate ...
Elon Musk Is 2024’s Biggest Billionaire Loser So Far—Pending His Big Bonus
Forbes· 4 days agoThe net worth of Tesla’s headline-grabbing CEO Elon Musk fell by more than any other billionaire on...
Two luxury rivals are joining forces — and Amazon is getting in on the action
Business Insider· 5 days agoThis story is available exclusively to Business Insider subscribers. Become an Insider and start...
Saks-Neiman’s Merger Has Finally Arrived: What Are the Ramifications?
WWD via Yahoo Finance UK· 5 days agoVendor Relationships The combined entity would have greater leverage over vendors, particularly...
$2.65 Billion Saks-Neiman Marcus Acquisition Will Create a Luxury Retail Giant
New York Times· 5 days agoThe deal, a vote in favor of the future of brick-and-mortar retail on the high end, could reshape...
Saks owner to buy Neiman Marcus, source says
Reuters via Yahoo Finance UK· 5 days ago(Reuters) -The parent of Saks Fifth Avenue agreed to buy rival Neiman Marcus, a person familiar with the matter told Reuters on Wednesday, a move that is...