The retailer based in Montreal cited a lender-driven sale process and the end of the de minimis loophole as final blows.
Category: Luxury Goods and Services
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Can Cadillac Keep Selling E.V.s as Trump Repeals Climate Policies?
Electric models from the luxury car brand have been very successful, but they may struggle once a $7,500 federal tax credit ends next month.
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$800 for a Credit Card? Why Your Premium Cards Will Cost More.
Credit card companies and airlines are in a race for customers who spend the most money — and that is making it harder for many other customers to score deals and perks.
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Sean Kingston Is Sentenced to 3½ Years in $1 Million Fraud Scheme
A Florida jury convicted the hip-hop artist and his mother in a federal fraud case that centered on luxury goods, which prosecutors said that Mr. Kingston did not pay for.
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Couples Are Hiring Shamans to Keep Their Destination Weddings Rain-Free
For high-end destination weddings, couples are increasingly hiring rain-stoppers to keep precipitation away.
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Why Are Tariffs on Switzerland So High?
President Trump sees Switzerland as doing too little to address its trade deficit with the U.S., a gap he focused on as he imposed a 39% tariff on Swiss goods.
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The Allure of a Pucci Girl Summer
How Pucci bucked the luxury downturn to become the brand of the season.
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With Labubus and a Cat Cafe, a Shopping Mall Thrives in New York City
The city’s newest indoor shopping center, in Queens, has defied predictions of the death of the American mall by catering to Asian American shoppers.
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Airport Food Hits a New Height of Luxury
In pursuit of well-heeled fliers, airlines and credit card companies are stocking their elite lounges with caviar, sushi bars and big-name chefs.
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Birkin: The Bag, the Woman, the Myth
Why has this obsession endured?
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China Sets Steep Duties on European Brandy but Spares Biggest Producers
Major Cognac companies made concessions to avoid the worst of the penalties, imposed by Beijing in retaliation for E.U. tariffs on Chinese electric vehicles.
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Saks Is at a Crossroads, Facing Creditor and Vendor Unease
The luxury retailer made an initial payment to bondholders on time, but six months after it acquired Neiman Marcus concerns about its finances remain.