Poor Payors: Assessing the Storm Around Saks The recent letter sent by the department store operator, Saks, to brands has sent shockwaves through the fashion industry. In a move that underscores a growing power imbalance in the wholesale market, the letter is a stark reminder of the challenges faced by suppliers in an environment that […]
Saks Finalises Acquisition of Neiman Marcus Group
In a significant development within the luxury retail sector, Saks Global has concluded its $2.7 billion acquisition of Neiman Marcus Group, a move that positions it as a formidable player in the high-end market. This merger not only expands Saks Global’s portfolio, which already includes Saks Fifth Avenue and Saks Off Fifth, but also successfully […]