Saks Fifth Avenue News
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Saks Inc. hired Goldman Sachs Group Inc. to explore strategic alternatives, including a sale of the company, said two people with knowledge of the matter.
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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.
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Billionaire Carlos Slim is taking Mexican retailer Grupo Sanborns SAB public as revenue surges from sales to consumers looking to shop at its Saks Fifth Avenue stores and buy Apple Inc. iPads.
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The cats Momo and Rugby were nonchalant, but Gatsby, a rescued Brussels Griffon, barked incessantly, sensing something was afoot.
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Brown Publishing Co., publisher of the largest-circulation local newspaper on eastern Long Island, filed Chapter 11 petitions for itself and affiliates on April 30 in Central Islip, New York.
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Extended Stay Inc . said it sees no reason to allow the creditors’ committee to sue now over claims arising from the company’s acquisition in 2007.
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Fashion designer Hind Beljafla makes abayas to match the Gucci shoes and Hermes handbags of high- spending women in the Gulf.
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A block from Greenwich, Connecticut ’s main street, where Saks Fifth Avenue and Tiffany stores vie for shoppers, sits the hedge-fund capital’s YMCA, brought to the brink of insolvency after building an Olympic- size swimming pool.
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Saks Inc. , the New York-based luxury retail chain, rose as much as 5.4 percent after reporting a second-quarter loss that was narrower than analysts estimated.
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Hurricane Sandy’s impending arrival in the most populous U.S. city has ended at least one perennial New York frustration -- getting a taxi in the rain.
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