Tag: Mergers
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Saks is in a luxury pickle
Previously in retail news, Saks acquired Neiman Marcus. The two struggling luxury department stores were in dire straits on their own. And now together, Saks Global needs a turnaround. There a multiple lawsuits as brands are still seeking payments for product that never came through. Bankruptcy is looming It doesn’t bode well for the future…
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How much do you think Rhode’s lip treatments are worth?
$1 billion. That’s the answer. Or rather that is just how much E.l.f. Cosmetics just paid for Hailey Bieber’s Rhode Skin. In a deal that went through this week, E.l.f. put acquired the brand known for its peptide lip treatments and glazing milk, has captured hearts across social media. This comes after it was announced…
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Insights from thinking about the Crowdstrike chaos for too long
You know, this whole Crowdstrike wouldn’t have been such big issue if it wasn’t the biggest cybersecurity firm used and if Microsoft wasn’t the default software. If you think about it, this is a different example of why monopolies aren’t a good idea. Often we think about overwhelming market share being bad in terms of…
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A Saks and Neiman’s merger just might happen
If you go back in my posts, you will see that I wrote about the whispers of a Saks and Neiman Marcus merger. As of late, the brands have agreed to a deal to bring the two mega luxury department stores under one roof, so to speak. In my previous post, I questioned what that…
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So, did you hear about the possible Saks and Neiman Marcus buyout?
Investors are eyeing a deal that could put Neiman Marcus and Saks Fifth Avenue under the same ownership group. If you want to read more about that deal, you can do so with this WWD article. I am just here to speculate. If this deal goes through, what will it mean for the luxury shopping…
A Wren Says 