Esther Macully used all of her five- foot frame to face down a bulldozer and save her freezer from being destroyed as a wrecking crew guarded by armed security forces razed her home in Nigeria’s Badia East slum.
Abercrombie & Fitch Co. separated its chairman and chief executive officer roles almost two months after activist investor Engaged Capital LLC urged the teen- clothing retailer to start a search for a new CEO.
Hudson’s Bay Co., the Canadian department store chain that’s acquiring Saks Inc. for $2.4 billion, hired Marigay McKee, Harrods’ chief merchant, to be president of the U.S. luxury retailer once the deal is complete.
Soheil Khojasteh walks through the Sears Canada Inc. department store in Toronto’s Eaton Centre without a second glance at men’s shoes on sale for 40 percent off, gold earnings marked down 65 percent and signs declaring “Everything Must Go!”
Hudson’s Bay Co., a middle-market Canadian department store chain with a similar assortment to Macy’s, has agreed to pay $2.4 billion to acquire Saks Inc., one of America’s most prestigious luxury retailers.
Investcorp, the Bahrain asset manager that owns stakes in Gucci and Saks Fifth Avenue, said it raised $793 million for new investments in the second half, the most since the start of the financial crisis in 2008.