HBC

Planned Saks Fifth Avenue-Neiman Marcus Deal Passes Regulatory Hurdle
Planned Saks Fifth Avenue-Neiman Marcus Deal Passes Regulatory Hurdle
August 21, 2024  |  Acquisitions

The planned acquisition of Neiman Marcus Group (NMG) by HBC, the parent company of Saks Fifth Avenue, is one step nearer to closing. The waiting period under the Hart-Scott-Rodino...

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Saks.com To Be ‘Separate But Related Sister’ To Saks Fifth Ave Brick-And-Mortar Stores
Saks.com To Be ‘Separate But Related Sister’ To Saks Fifth Ave Brick-And-Mortar Stores
March 05, 2021  |  Retail

The parent company of Saks Fifth Avenue said Friday (March 5) it was splitting its eCommerce and 40 traditional retail stores into “separate but related...

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HBC Introduces Development Division To Optimize Real Estate
HBC Introduces Development Division To Optimize Real Estate
October 21, 2020  |  Retail

HBC has announced HBC Properties and Investments (HBCPI), an investments and real estate business to supervise, optimize and improve the firm’s asset collection. HBC, whose...

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eCommerce And Rising Rents Prompt Flagship Store Closures
eCommerce And Rising Rents Prompt Flagship Store Closures
June 08, 2018  |  Retail

As consumers shift their spending from brick-and-mortar stores to eCommerce sites, iconic American fashion and houseware brands are shuttering their flagship stores. Lord & Taylor,...

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Five at Five: Amazon Bets Bigger In India
Five at Five: Amazon Bets Bigger In India
June 05, 2018  |  News

Welcome to Five at Five, your late look at payments and commerce news you might have missed. Today’s stories include details about Amazon’s new plans...

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Space In Lord & Taylor Flagship Store In NYC Sold To WeWork
Space In Lord & Taylor Flagship Store In NYC Sold To WeWork
October 25, 2017  |  Merchant Innovation

WeWork, a New York-based company providing flexible, coworking workspaces, has inked a deal to acquire space in department store chain Lord & Taylor’s flagship Manhattan...

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UK’s Largest Bank Hits Back At Alt-Lenders
UK’s Largest Bank Hits Back At Alt-Lenders
May 11, 2015  |  B2B Payments

The U.K. is still feeling the reverberations of last week’s election results, and policymakers and the business community are now waiting to see how a...

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