Mark Lee News
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At a time when department stores are chopping themselves into mini-malls -- J.C. Penney Co. being the most prominent example -- Barneys is doing the opposite.
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Barneys New York, the luxury-goods retailer controlled by a Dubai investment company, said it hired former Gucci Group NV executive Mark Lee to manage the business.
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Barneys New York has been taken over by Perry Capital in a debt-for-equity swap that reduces the luxury retailer’s borrowings by $540 million, allowing the chain to invest more in its rebounding business.
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Barneys New York, the luxury-goods retailer controlled by a Dubai investment company, said it’s in talks with lenders to improve its balance sheet.
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Peter Slipper, who stepped aside as speaker of Australia’s parliament amid claims he sexually harassed a male staff member, said today the lawsuit was an abuse of court processes that had damaged his reputation.
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Led by Vogue editor in chief Anna Wintour, Fashion’s Night Out started three years ago in response to economic doldrums.
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On the edge of Tiananmen Square, just across the street from Mao Zedong ’s tomb, He Yingying munches on a piece of chicken and gazes at the benign-looking figure beaming down at her.
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Good morning, and welcome back to the Griddle, a menu of fortified items for the busy person's media diet. South Africa, host of this year's UN climate negotiations, has the first stock exchange to mandate that companies integrate sustainability metrics into their balance-sheet reports. From a sustainability perspective, that puts the Johannesburg Stock Exchange ahead of the New York exchanges, which are unlikely to adopt similar measures anytime soon. Bloomberg News' Mark Lee reported yesterday that New York is having a difficult enough time retaining Chinese tech firms, who already find New York disclosure rules too strict and see higher returns from Hong Kong listings. "I am tired of the U.S.," Yang Tianfu, chief executive officer of Harbin Electric, said in a phone interview. "We just couldn't communicate with the investors."
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Ah Wei has an explanation for Foxconn Technology Group Chairman Terry Gou as to why some of his workers are committing suicide at the company’s factory near the southern Chinese city of Shenzhen.
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Apple Inc.’s legal fight for the iPad name in China doesn’t just pit the world’s most-valuable company against a failed Hong Kong display maker. Some of the nation’s biggest banks also are opposing the technology giant.
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