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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...- European shares edge up as RWE, SSE auction win boosts utilitiesEuropean stocks recovered their poise on Wednesday after a modest dip a day earlier, as a surge in shares of energy firms RWE and SSE drove...
- Canadian Tire rescues Hudson’s Bay brand in $30 million deal focused on legacy and retail expansionCanadian Tire Corporation is acquiring Hudson’s Bay’s iconic intellectual property for $30 million, reviving the legacy of Canada’s oldest ...
- Jackpot for Donald Trump? US President could receive whopping $115 million. Here's howDonald Trump's Trump Organization runs more than a dozen golf courses around the world.
- 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...
- What recovery? Clothes retailers cut orders while factories fight to surviveThe pain is flowing to major garment manufacturing centres like Bangladesh, whose economies rely on textile exports. Factories are struggli...
- Kuwait wants to bring down migrant population from 70% to 30%Kuwait wants to slash the migrant proportion of its population from 70% to 30%.
- Louis Vuitton’s next generation steps up to Kanye's latest tune; is breaking away from brand's modus operandiAs Bernard Arnault's children expand their influence, LVMH is reshaping the brands it already owns.
- Simply spa-ctacularThese beauty treatments using gold, diamond and caviar set you up for a luxurious experience.
- Henrys' problem to hit US recoveryMac McKay entered this year ready to spend after sales at his flower shop in Arlington, Virginia, rebounded.He planned to take his first va...
- US retail sales, home stats, jobs all firming upSales and confidence probably climbed, manufacturing accelerated and home construction rebounded, making a lasting US expansion more likely.
- US retailers' April sales decline on early EasterSales at US retailers declined last month, trailing already-reduced estimates, as an earlier Easter shifted gift purchases into March and t...
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