As Saks Fifth Avenue parent HBC inches closer to its deal to buy Neiman Marcus Group, it is taking a close look at its own store portfolio and is said to be closing its Palm Beach, Fla. store. But overall, the Saks world is set to get much bigger. According to sources, HBC has secured … Read more
HBC, parent to Saks Fifth Avenue, appears on track to close its $2.65 billion acquisition of Neiman Marcus Group and could lock in a junk bond offering sometime in the next few weeks. “We are working on a bond. It’s been well received,” Richard Baker, HBC executive chairman and chief executive officer, told WWD on … Read more
Authentic Brands Group has partnered with Sequence Tulum to create its Barneys New York-branded residences in Tulum, Mexico. The residences are located in the Luum Zama community and are being operated by LocoLuxury, a luxury hospitality company in Tulum. There are 10 Barneys New York Residences that range in size from four-bedroom residences to five-bedroom … Read more
A cause for optimism? Though luxury brands have been slumping this year, it should be a decent holiday season for the sector, at least based on findings from the latest Saks Luxury Pulse, set to be released Tuesday to the industry. Eighty-two percent of luxury consumers celebrating the holidays plan to spend at least the same on holiday shopping … Read more
Terron Schaefer, the long-time chief creative director of Saks Fifth Avenue who left there to join Harrods, has died in Houston, according to Fern Mallis. He was just shy of his 80th birthday, which was Oct. 26. Schafer, whose title was executive vice president and chief creative officer at Saks, was also the breakout star … Read more
Creating superbrands to emerge out of India has long been a dream — and two well-known Indian designers are taking the next step, launching exclusively with Saks on Thursday. Saks has teamed up with internationally acclaimed designer labels AFEW Rahul Mishra and AK|OK Anamika Khanna, as the brands’ exclusive retail partner in the United States. This … Read more
Saks and Loewe are teaming up for the first time to unveil an exclusive edit of the Spanish luxury house’s fall 2024 collection, available Thursday on Saks.com and at select Saks Fifth Avenue stores. To celebrate the collaboration, Loewe has taken over the Saks Fifth Avenue New York flagship with immersive visual installations and offerings … Read more
As the fall season gets underway, retailers weigh in on what’s selling so far this season, and what big trends consumers are starting to embrace. Soft, flowy pants, tweed and boucle jackets, matching sets, wide-leg denim, Western influences, off-the-shoulder tops and sweaters, tailored shorts and preppy looks are some of the key looks checking at … Read more
The Saks-Neiman Marcus merger appears to have been OK’ed by the U.S. Department of Justice by virtue of its review period expiring and no objections to the deal emerging, according to sources familiar with the situation. HBC, the parent corporation of Saks, declined to comment. The government has been reviewing the deal revealed July 4 … Read more
Here is a reprint of the article and interview “Tracy Reese‘s New Pieces” from WWD, Thursday, Sept. 12, 2002. NEW YORK — With the launch of her line and a swimwear collection to match, things are getting sweet for Tracy Reese. Reese, who will show her spring line next Wednesday at the Gallery at the … Read more
