Latest in Financial
The $700M in Market Share ‘Up for Grabs’ in the Saks Global Bankruptcy
TD Cowen analyst Oliver Chen estimates who gets what as the luxury chain trims down in court.
The Bricks-and-mortar Ruling the Saks Global Bankruptcy
Even in the digital age, it's the company's famed flagship on Fifth Avenue that has the value.
Richemont Sales Surge in Key Holiday Period, With Jewelry Driving Growth and Watches Springing Back
Fiscal third-quarter sales outstripped analysts' expectations again, and grew despite macro-economic…
Judge Approves Saks Global DIP Financing Despite Amazon’s Effort to Delay
The web giant, joined by some fashion brands, argued that the company's bankruptcy funding plan stripped…
A $900M Promise to Amazon and 4 Other Takeaways From the Saks Bankruptcy
Court filings shed light on the retailer's deal with Amazon, which owns store nameplates and the company's…
Saks Global Reveals Top 30 Unsecured Creditors, Chanel Hit Hardest in Bankruptcy
Who's owed what now that the luxury retailer has finally filed for Chapter 11.
Saks Global’s Race Into Bankruptcy Reaches Final Stages as Former Neiman’s CEO Seen Playing Key Role
The company is said to be close to lining up financing and new leadership, led by Geoffroy van Raemdonck…
Specialty Retail Holiday Results Get Mixed Reaction on Wall Street
Urban Outfitters and AEO saw stock losses after holiday sales gains, while Lululemon inched up on a weaker…
Brunello Cucinelli Reports Record-breaking 2025 Sales
Exceeding expectations, the Italian luxury firm closed the year with a 10.1 percent sales increase to more…
Richard Baker Exiting Saks Global as Bankruptcy Looms: Sources
As talk turns to a new leadership team, the company plans to file no later than midweek with $1 billion in…
Pandora Shares Fall 13% as It Forecasts Lower-than-expected 2025 Growth
Berta de Pablos-Barbier, who took up the roles of president and chief executive officer of Pandora last week…
Amazon Won’t Bail Saks Global Out Anytime Soon: Source
The e-commerce giant has been widely rumored to be in talks with Saks Global, but a source familiar with the…
How a Saks Global Bankruptcy Would Hit Fashion Brands
With speculation flying that the luxury retailer could file for Chapter 11, attorneys lay out what might come…
Phoebe Philo Signals Strong Momentum Ahead, Anticipates Revenue Tripling in 2025
With a Mayfair flagship on the horizon, the brand said 2025 turnover is set to reach 32 million pounds.
What to Watch: Luca de Meo to Unveil His Strategic Plan for Kering
Having remedied the debt crisis, the former automotive executive must turn his talents to swift brand…