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Saks sues Puck News, claiming outlet ran ‘hit pieces’ — despite reporter’s ‘conflict of interest’
The suit referenced a 2007 interview with The Wall Street Journal, in which Cohan said Lazard was “full of incredibly bright and ambitious people who have their morality completely intact when they enter,” but added that “To succeed i…
New York Post Business · 2025-10-08 17:11:28
Saks in talks to sell 49% stake in Bergdorf Goodman for about $1B: WSJ
At least four bidders are in the running, including Middle Eastern sovereign wealth funds and strategic investors, with a deal possible early next year, the report added.…
New York Post Business · 2025-09-21 23:19:06Vornado Realty Agrees To Buy Office Condominium At 623 Fifth Avenue, New York, For $218 Mln
(RTTNews) - REIT Vornado Realty Trust (VNO) announced Monday that it has entered into an agreement to purchase the 623 Fifth Avenue office condominium, a 36-story, 382,500 rentable square foot building situated above the flagship S…
NASDAQ Markets · 2025-08-25 12:28:08
Sales at Saks Fifth Avenue, Neiman Marcus plunge after merger — while Bloomingdales and Nordstrom see spike: report
"Saks Global is far more exposed to the high-end luxury brand matrix, which has been going through a challenging moment," a Saks Global spokesperson told The Post.…
New York Post Business · 2025-07-07 22:00:39
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.…
New York Times Business · 2025-07-01 15:51:37
Saks scores $600M lifeline in deal that could saddle some bondholders with losses: report
The first $300 million will be given right away by investors who hold just over half of Saks’ $2.2 billion in high-interest bonds.…
New York Post Business · 2025-06-27 18:22:02
Saks Global’s lenders face doubts about their claims against Fifth Avenue flagship store
“When the people bought the bonds they thought they had a lien on the Fifth Avenue store, but if you read the documents carefully,” it’s not clear, Hynes told The Post.…
New York Post Business · 2025-05-30 20:49:25
Saks Fifth Avenue launches storefront on Amazon to sell luxury clothes, products
Amazon has been an investor in Saks Global, Saks Fifth Avenue's parent company, since December, when Saks Global purchased Neiman Marcus for $2.65 billion.…
New York Post Business · 2025-04-29 15:58:19
Dallas leaders try to make Neiman Marcus owner squirm over plan to close historic flagship store
“Can you imagine the blowback in New York City if Mr. Baker had closed Bergdorfs or Saks Fifth Avenue,” real estate developer and historic preservationist Shawn Todd said at a Dallas press conference.…
New York Post Business · 2025-02-27 17:24:18
Saks Global will slash about 5% of corporate workforce after buying Neiman Marcus: source
The layoffs amount to around 150 jobs, a source with knowledge told The Post.…
New York Post Business · 2025-02-25 23:31:31
