Recent Posts

Hudson’s Bay sells Gilt to Rue La La in turnaround effort

Bloomberg The cleanup continues at Hudson’s Bay Co., the owner of Saks Fifth Avenue. The struggling Canadian retailer agreed to sell Gilt, a flash-sale, e-commerce company it bought two years ago that has become one of its worst-performing businesses. The buyer, Rue La La, announced the purchase on Monday without disclosing a price, and said it plans to run the ...

Read More »

Toys ‘R’ Us advances talks with Sycamore before liquidating

Bloomberg In its rush to find a buyer earlier this year and avoid liquidation, bankrupt Toys ‘R’ Us Inc. landed on a familiar name: Sycamore Partners, according to people familiar with the matter. The private-equity firm, which had already scooped up several troubled retailers, held advanced talks with Toys ‘R’ Us about acquiring the chain and keeping open half its ...

Read More »

Arab Coalition: Houthis facing wide isolation

ABU DHABI / WAM The Arab Coalition in Support of Legitimacy in Yemen has said that the Iranian-backed Houthi militias are currently suffering from wide isolation and facing difficulty in enlisting recruits, a fact reflected in the great losses they sustained in the Yemeni districts of Al-Hodeidah and Saada. In a news conference in Saudi Arabia, the official spokesman of ...

Read More »
Send this to a friend