Bergdorf Goodman

S&P Global Downgrades Saks’ Credit Rating, Calls $600 Million Financing Deal ‘Tantamount to a Default’

In light of a proposed debt restructuring announced earlier this month by Saks Global, S&P Global Ratings has downgraded the retailer from…

Saks Global Gets $600 Million in Financing from Current Bondholders

Saks Global, parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has secured $600 million in committed financing from a…

Saks Global Expands Assortment Planning Solution to Neiman Marcus and Bergdorf Goodman

Saks Global has expanded its partnership with NuORDER by Lightspeed, a B2B assortment planning platform, adding Neiman Marcus and Bergdorf Goodman as…

Dupe Culture Goes Mainstream Even as Brands Seek to Differentiate the ‘Real’ Thing

Copies of branded items, particularly those with higher price tags, have been around for scores (possibly hundreds) of years, but until fairly…

UPDATE: Saks Global Finalizes $2.7 Billion Neiman Marcus Acquisition

[Update as of Dec. 26, 2024] Saks Global has completed its acquisition of Neiman Marcus Group, joining the retailer’s portfolio of the…

Burberry Replaces CEO Following Tough Quarter, Warns of Potential Losses

Burberry has named luxury retail veteran Joshua Schulman as its new CEO and Executive Director, effective July 17. Schulman had served as…

How Natori Used AI to Sharpen Retargeting and Achieve a 943% ROAS

Retargeting existing customers to boost conversions has always been a strong tactic for retailers, and it’s likely to become even more important…

UPDATE: Farfetch CEO Out as Luxury Brands Including Kering, Neiman Marcus Flee the Platform in Wake of Sale to Coupang

[Update from 2/15/2024] Farfetch Founder and CEO Jose Neves is stepping down and further layoffs are imminent, according to an internal memo…

Rakuten Offers Members Early Access to New York Fashion Week Designs

Rakuten has returned to New York Fashion Week and is offering its members exclusive items for pre-sale from the runway shows of…

UPDATED: Neiman Marcus, Saks Still Unable to Come to Terms on Takeover Deal

UPDATE 1/11/2024: Neiman Marcus CEO Geoffroy van Raemdonck has firmly squashed any hope of a merger, telling CNBC that he sees “no…

Vitamin Shoppe Gives Interim CEO the Job Permanently

The Vitamin Shoppe has named Lee Wright as its new CEO, a position he has held on an interim basis since January…