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Saks Fifth Avenue is buying Neiman Marcus with Amazon’s help
CNN Business via Yahoo Finance Canada· 9 hours agoThe chains are responding to industry shifts, including the decline of department stores, and the...
LVMH-Backed L Catterton Weighs Selling Stake in Saudi Arabia's Bateel
Bloomberg· 21 hours agoL Catterton, the private equity firm backed by luxury French fashion house LVMH, is looking to sell...
The Battle Over How Big Businesses Should Meet Climate Targets, Explained
The Business of Fashion· 14 hours agoWhen companies like Kering, LVMH, Nike and Inditex set their climate targets they turned to the...
Saks, Neiman Marcus merger is a luxury-tech fusion with Amazon, Salesforce
Axios· 8 hours agoThe announced $2.65 billion acquisition of Neiman Marcus by Saks Fifth Avenue will bring those two...
Europe's top cognac makers to attend China meeting on anti-dumping probe, source says
Reuters via Yahoo Finance Canada· 16 hours agoCompanies behind major brands Martell, which is owned by Pernod Ricard, Remy Martin - part of Remy...
This Fund Manager Scores with Tesla, Spotify, and Other Founder-Led Firms
Barrons.com· 10 hours agoThe product sells itself. Birkenstock’s Ebitda margins are 30%. Other footwear companies’ are in the...
Amazon takes a new brick-and-mortar approach with a stake in Neiman Marcus
Engadget via Yahoo Canada News· 15 hours agoAmazon has attempted to access the luxury retail market over the years, but the major brands want...