BusinessMember
Saks Global: Millions owed to Chanel, Kering, LVMH, and more
Saks Global’s journey to eventual bankruptcy had been heavily speculated by industry insiders for months. Suspicions were then confirmed Wednesday, when the US retail giant officially filed for Chapter 11 protection in a Texas bankruptcy court, where documents have revealed the extent of financial challenges faced by the company. In its filing,...
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People
Gabriela Hearst names Michele Cohen as president
New York-based designer Gabriela Hearst has promoted her longtime head of sales, Michele Cohen, to president, effective immediately. In a statement, the designer said the newly created role was to reflect the brand's "continued commercial momentum and to support its next phase of global growth”. As president, Cohen will lead the brand’s global...
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