The bidding battle that has ensued over gaining ownership of bankrupt chain Filene's Basement, is sure to go down in retail history. After weeks of settling agreements and attempting to outbid each other, all three prospective owners—Men's Wearhouse, Crown Acquisitions, and a team of retail giant Syms and Vornado Realty Trust—were beaten down, battered, and …
Christian LaCroix 'La Croix sweetie, La Croix.' Eddie from "Absolutely Fabulous" Not immune to the economy and luxury spending nosedive, Christian LaCroix SNC has sought court protection from its creditors. According to WWD, the Paris-based fashion house filed a petition with the commercial court yesterday, reflecting the vulnerability of wholesale-dependent brands amid the sharp downturn …
We are saddened, but not surprised to learn that The Al Baskin Co., family-owned operator of Mark Shale stores, filed for Chapter 11 bankruptcy protection. The 80-year-old Chicago-based retailer, is keeping its three Chicago area full-price stores open as it seeks a buyer for its Chicago operations and Internet business, according to TheChicago Tribune. Mark …
Has Saks ruined the luxury market, forever? Saks Fifth Avenue slashed prices by up 70% on designer clothes last November before the holiday season even began…and all fashionista hell broke lose? Manolo Blahnik shoes going for $160? It started a stampede. According to an in-depth article in yesterday's Wall Street Journal, Saks's deep, mid-November markdowns …
Last December Second City Style reported Pure Med Spa was under fire for scaring patients, so it comes as no surprise the company has filed for bankruptcy. The ailing economy nailed their coffin. When people are watching their dollars removing unwanted body hair and wrinkles may not seem so important. According to Deal Watch affiliates …
