Billy Reid is about to get a much bigger retail footprint. The designer’s parent company, Billy Reid Inc., has acquired the direct-to-consumer arm of AI-powered, made-to-measure company Knot Standard. Terms were not disclosed but Knot Standard will become a minority shareholder in the combined business that will operate under the Billy Reid name. Although the … Read more
Arkhouse Management Co. and Brigade Capital Management have sweetened their offer to buy Macy’s Inc. to $24 a share — up from the $21 price offered last fall. The switch brings the total offer on the department store to $6.6 billion from $5.8 billion. But it remains to be seen if it’s enough to bring … Read more
KOTA KINABALU: A Sabah minister has taken the Federal Land Commissioner’s office in the state to task over an apparent lack of urgency in acquiring land for critical infrastructure needs like rural clinics. Sabah Community Development and People’s Well-being Minister Datuk said 23 health clinic projects in the state had experienced problems over the years … Read more
Amaravati: Actor-politician and Janasena party founder Pawan Kalyan on Saturday wrote a letter to Prime Minister Narendra Modi, alleging massive corruption by the Y S Jagan Mohan Reddy-led Andhra Pradesh government under the guise of distributing land and constructing houses for the poor. Kalyan has alleged that a massive Rs 35,141 crore has been misappropriated … Read more
Dustin Jones sees the future of direct-to-consumer and it’s unified. At least, that’s the hope behind Unified Commerce Group, which Jones — an expat of Fung Retailing Group and Macy’s — founded with Greg Freihofner in 2019. Unified set out to create a group of brands that could find strength in numbers. And now that the … Read more
