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NEIMAN MARCUS GROUP
Saks Global files for bankruptcy due to heavy debt load months after Neiman Marcus takeover; Here’s how the luxury retail group can revive itself as time runs outUS luxury retail group Saks Global filed for bankruptcy protection on Tuesday (January 13, 2026), burdened by substantial debt from the pan...- Bhartiya Urban ventures into GCC space with Bhartiya ConvergeBhartiya Urban has introduced Bhartiya Converge, a GCC enablement platform, to streamline operations for global corporations in India. This...
- Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion dealHBC, the parent company of Saks Fifth Avenue, announced on Thursday that it will acquire the department-store chain Neiman Marcus in a $2.6...
- Global capability centres go on hiring spree, set to outshine IT companiesGlobal capability centres (GCCs) of multinational companies are set to hire more employees this year in India. Workspace and HR solutions p...
- Hy-Vee opens its Global Capabilities Center in BangaloreHy-Vee has partnered with ANSR Inc., the U.S.-headquartered firm that helps companies build and manage global teams in talent-rich location...
- Tech giants plan self-regulation; PhonePe’s shareholding may mirror Flipkart’s after separationThe proposal is likely to be taken up for detailed discussion with the Ministry of Electronics and Information Technology by the end of thi...
- Neiman Marcus Group to hire 600 people for India centreThe US-based retailer launched its Global Capability Centre (GCC) in India this week, where it currently employs about 60 people.
- Wall Street Weekahead: Investors bet old-school retailers will rebound in 2021The SPDR S&P Retail ETF, which tracks a broad group of retailers such as department and specialty stores, is up nearly 40 per cent this yea...
- Retail rout gains pace: America's oldest retailer Lord & Taylor seeks bankruptcyDozens of retailers have filed for Chapter 11 protection this year. The pace through the first half of 2020 far exceeds the number of retai...
- US retail sales plunged a record 16% in April as virus hitThe sharpest drops from March to April were at clothiers, electronics stores, furniture stores and restaurants. A long-standing migration o...
- Indian IT may take a big hit as US retail struggles to stay openIT services companies may see business from US retailers fall sharply, as some non-essential and luxury brands shut stores and furlough emp...
- Slowdown in America’s retail sector to hit Indian IT firmsInfosys, Cognizant, Tata Consultancy Services and Wipro service the retail sector in the US and analysts said their clients would eventuall...
- This Indian corp bond is among the 10 worst bets of the decadeFrom high finance to pet food, a lot of good money was thrown at some really risky deals.
- Social venture capital firm Aavishkaar invests Rs 18.6 crore in Mela ArtisansMela has launched collections with a number of high-end retail boutiques and chains, including, Neiman Marcus, Bergdorf Goodman and Bloomin...
- Harrods, Selfridges now at your doorstepApart from Harrods, which is on the must-visit-must-buy-must-flash list of every Indian Richie Rich visiting London, a clutch of the world'...
- Luxury market slowly emerging from global recessionThe luxury goods market is rebounding from the slump caused by the global recession, but analysts say upscale sellers will be facing a hard...
- Macy's to cut 7,000 jobs, slash dividendThe Cincinnati-based department store chain also delivered bleak earnings and sales forecasts for the year.
- Rel Retail in talks with food MNCsIn a bid to bite into the potential market for premium food, Reliance Retail is in advanced talks for alliances with at least four foreign ...
- Reliance Retail in talks with four overseas food suppliersIn a bid to capture the potential market for premium food, Reliance Retail is in advanced talks for alliances with US-based Dole and Chiqui...
- Reliance Retail to bring in Neiman MarcusReliance Retail (RRL) is understood to be in talks for a strategic alliance with the US-based Neiman Marcus, an upscale, speciality retail ...
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