With Financing Push, Saks Global Looks to Buy Some Time
Saks Global’s liquidity crunch has come to a head. Amid mounting concerns about the department store operator’s ability to meet an interest payment due next month, a group of bondholders…
Amazon Isn’t the Solution to Saks’ Problems
When Saks Global announced its partnership with Amazon this week to open a new storefront on the long-fledgling Amazon Luxury Stores platform, the news was less notable than the timing.…
Saks Needs to Earn Back Brands’ Trust
This week, a long-simmering conflict between Saks Fifth Avenue and the brands it works with spilled out into the open. To recap: on Feb. 14, Saks Global chief executive Marc…
Poor Payors: Assessing the Storm Around Saks
Dear BoF Community, Late last week, we started to receive DMs and WhatsApp messages with screenshots of a letter written by Saks Global CEO Marc Metrick to the more than…
2025 bringt große Veränderungen für US-Luxushändler
Übersetzt von Aline Bonnefoy Veröffentlicht am 15. Januar 2025 Während sich in den USA das halbe Land gegen die neue Regierung “wappnet”, die radikale Veränderungen für Gesellschaft und Wirtschaft verspricht,…