Saks CEO Steps Down as Retailer Faces Bankruptcy Prep
Saks Global CEO Marc Metrick has resigned as the luxury retailer reportedly prepares for bankruptcy after missing a major interest payment. Richard Baker takes over.
Category : Search result: luxury retail bankruptcy
Boy George says ex-bandmate 'tried to bankrupt me'
Boy George has launched a scathing attack on former Culture Club drummer Jon Moss, claiming a bitter legal dispute left him facing bankruptcy. Get the full story on the feud that split the iconic band.
New Orleans Archdiocese Reaches $305m Clergy Abuse Settlement
After a protracted five-year bankruptcy, the New Orleans archdiocese agrees to a $305m settlement with clergy abuse survivors, amidst allegations of secrecy and delayed justice. Read the full investigation.
Boxing Day bounce: Retail parks footfall up 6.9%
Early data reveals a strong start to Boxing Day sales with retail park visits rising 6.9%. Analysts note a shift towards leisure-focused, full-day outings over pure bargain hunting. Discover the latest UK retail trends.
UK Retailers Invest More in Physical Stores and Shopping Centres
Major UK retailers are increasing investment in physical stores and shopping centres, signalling a strategic shift. Discover the data and the reasons behind this commercial property revival.
Boxing Day footfall dips on UK high streets, rises at retail parks
UK Boxing Day sales saw a shift in shopper habits, with high street footfall down 2.4% while retail parks surged 6.9%. Central London declined 7.7% as consumers sought convenience and coastal day trips.
London hotel tops global list of best new luxury hotels
The Chancery Rosewood in Mayfair has been crowned the world's best new luxury hotel for 2025. Discover the opulent suites, spa and dining at this historic London landmark.
Budget Uncertainty Dampens November Retail Spending
UK retail sales fell 0.1% in November as Budget uncertainty overshadowed Black Friday. Discover the key trends and what it means for the crucial Christmas period.
UK Retail Sales Fall in November as Black Friday Effect Weakens
UK retail sales fell 0.1% in November as cautious shoppers held back, with the Black Friday boost weaker than usual. Explore the ONS data and what it means for the economy.
EU votes on €210bn Russian assets for Ukraine
EU leaders meet in Brussels to decide on releasing €210bn in frozen Russian assets to fund Ukraine's war effort. A crucial test of European unity without US backing. Read the latest analysis.
Tricolor Holdings Executives Charged with Fraud
Founder Daniel Chu and executives of bankrupt subprime auto lender Tricolor Holdings face federal fraud charges over a years-long scheme that led to a billion-dollar collapse. Read the full details.
Stella McCartney losses hit £33.6m amid sales slump
Stella McCartney's fashion label sees losses widen to £33.6m as sales fall by 27%, raising concerns over its financial future. Directors cite challenging luxury market conditions.
Brittany Higgins and David Sharaz declared bankrupt
Brittany Higgins and her husband David Sharaz have been declared bankrupt after losing a defamation case to former minister Linda Reynolds. Read the full details and implications.
London's Sloane Street gets major green makeover with 100+ trees
London's luxury Sloane Street has undergone a major green transformation, with over 100 new trees and 20% more pavement space. Discover how this project boosts biodiversity and enhances the shopping experience.
Enron Files for Bankruptcy: 2 December 2001
On this day in 2001, energy giant Enron filed for Chapter 11 bankruptcy in the biggest corporate collapse in US history. Discover the story of fraud, ambition, and failure. Read the full analysis.
Food inflation slows to 3% amid Black Friday deals
UK food inflation eased to 3% in November, down from 3.7% in October, as Black Friday discounts hit shops. However, experts warn of persistent pressures and challenges ahead for retailers and consumers.
Black Friday discounts slow UK shop price inflation
Early Black Friday discounts helped slow UK shop price rises to 0.6% in November, below the three-month average. Read the full analysis from the British Retail Consortium.
B&Q Owner Kingfisher Raises Profit Forecast to £570m
B&Q owner Kingfisher boosts profit outlook despite softening UK retail market. Discover how strong management drives success in challenging economic conditions.
Hotel CEO: 'No Confidence' in Chancellor Rachel Reeves
Clermont Hotel Group's CEO Gavin Taylor voices 'no confidence' in Chancellor Rachel Reeves, criticising high VAT and a saturated luxury hotel market in London ahead of the Budget.
Titanic watch that stopped as ship sank sells for £1.78m
A gold pocket watch belonging to Titanic victim Isidor Straus, which stopped the moment the ship sank, has sold for a record £1.78 million at auction in Wiltshire.
Romantic Winter Cabin Break in the Malvern Hills
Discover Malvern Hills Lodge, a luxury Worcestershire cabin perfect for a romantic winter escape. Features a wood-fired hot tub, sauna, and stunning countryside views just 2.5 hours from London.
Genaura Serum Review: Impressive Results in 25 Days
After 25 days using Genaura's Levagen+ Smart Face Serum, our reviewer saw transformative improvements in hydration, fine lines and redness. Discover if this luxury serum is worth the £260 investment.
London's New Bond Street is World's Priciest Retail Spot
London's New Bond Street has claimed the top spot as the world's most expensive retail destination, with rents soaring 22% to £1,706 per square foot. Discover the details behind this luxury property surge.
5-Colour Faux Fur Coat With No Negative Reviews
A 'cosy' and 'classy' faux fur coat from New Look, priced at £69.99, has garnered perfect reviews. Available in five colours and sizes 6-22, it's a winter essential.
San Sebastian food hamper delivers Basque flavours for £250
Indulge in Basque Country luxury with The Tinned Fish Market's San Sebastian hamper. This curated collection features over 30 gourmet tins, including Ramón Peña sardines and Carmelo scallops. Order now for a taste of Spain's culinary hotspot.
Archbishop Apologises to Clergy Abuse Survivors
New Orleans Archbishop Gregory Aymond apologises to survivors of clergy abuse during a bankruptcy hearing for a $230m settlement. Discover the case details and what happens next.
Romantic Rose Cottage Devon Couples Retreat
Discover Rose Cottage in Devon, a perfect couples' getaway with hot tub, copper bath & romantic touches. Book your stay from £644 for 3 nights.
SEND funding crisis pushes London councils to brink
London councils warn of bankruptcy as a 134% rise in children with special educational needs outpaces government funding. The capital faces a £500m deficit.
JD Sports hit by UK youth unemployment
JD Sports warns annual profits will be at lower end of forecasts as high youth unemployment and lack of spare cash among under-25s causes a 3.3% sales slide in the UK, its worst-performing market.
Represent Black Friday 2025: Huge Streetwear Deals
Represent's Black Friday sale offers rare discounts on luxury streetwear. Save on Owners Club hoodies, tees and 247 pieces from the UK brand loved by Stormzy.
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