Premium online fashion platform Cudoni has secured £4.6 million backing from key international investors, claiming the amount is the largest ever raised for investment within a UK fashion resale business.
HBC unveiled on Monday a new dedicated real estate and investments business launched to lead the company’s portfolio of assets, including some 40 million square feet of gross leasable area across North America.
The suit claims that Matthew Whitman Lazenby, president and CEO of the company that owns Bal Harbour, made statements that "breached the parties’ contract and Bal Harbour’s fiduciary duty," according to Saks.
J.C. Penney's talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be taken over by lenders.
Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.