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Saks buys Neiman Marcus in $2.6bn deal — with a little help from Amazon
The Independent via Yahoo News UK· 20 hours 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· 1 day 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· 1 day 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· 2 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· 2 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· 2 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· 2 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...
Saks Owner to Buy Neiman Marcus, With Help From Amazon
The Wall Street Journal· 2 days agoRetail rivals to combine in a $2.65 billion deal to woo luxury shoppers.
Givenchy Taps Former Louis Vuitton Exec Alessandro Valenti to Be Its New CEO
Robb Report via Yahoo Finance UK· 2 days agoNow, in the French luxury fashion house’s latest management shuffle, the company has appointed...
Eva Jospin Brings Dior-commissioned Embroidery Work to Versailles Palace
WWD via Yahoo News UK· 2 days agoThere are all these secret corridors, antechambers and entrances, so we know that the castle is full...