Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.
Category: Luxury Goods and Services
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After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores
The New York Times – Business: -
Dutch Prosecutors Fine Louis Vuitton Netherlands in Money Laundering Case
The New York Times – Business:The Dutch subsidiary of the luxury brand agreed to pay a nearly $600,000 settlement in a money laundering and terrorism financing case.
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It’s a Grocery Store, but Selling Food Isn’t the Point
The New York Times – Business:Happier Grocery in New York is an entry point for people seeking a community built on inside knowledge. It’s not the only high-end grocer doing this.
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Tesla’s Model S, Soon to Be History, Changed the Auto Industry
The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
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A Watch Brand Is (Quickly) Reborn
It took new management only six months to introduce a watch at HYT, a quirky brand that uses fluorescent liquid to indicate time.
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Vintage Watch Dealer Goes Her Own Way
Last year, Zoe Abelson left Hong Kong and the security of a full-time job. Now, based in New York, she searches for the watches of her clients’ dreams.
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Tech Firms Are Persuading Retailers to Put A.I. Everywhere
Stores of all kinds are using artificial intelligence to sell everything from luxury handbags to hay for horses.
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What the Bankruptcy of Saks Means for You
Answers to this and other questions about the financial crisis in America’s biggest luxury department store.
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Saks Files for Bankruptcy as Department Stores Fight for Survival
The parent company of Saks, Neiman Marcus and Bergdorf Goodman struggled with debt, designers and customers in recent years.
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Are Trains Now the Most Luxurious Way to Travel?
From Angola to Turkmenistan, sumptuously outfitted railroad cars are taking passengers on over-the-top journeys back in time.