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...Wells Fargo has agreed to buy Neiman Marcus’s vacant space at 20 Hudson Yards for $550mn in a deal that underscores the changing fortunes of one of New York City’s largest property developments....
...Wells Fargo has agreed to buy Neiman Marcus’s vacant space at 20 Hudson Yards for $550mn in a deal that confirms the changing fortunes of one of New York City’s largest property developments....
...“For a large chunk of investors we speak to, it really comes down to whether you want to be overweight or underweight China,” says Marcus Weyerer, senior ETF investment strategist at Franklin Templeton ETFs...
...By contrast, the anchor tenant for the shopping mall, Neiman Marcus, was pushed into bankruptcy in 2020 by the Covid pandemic, leaving three abandoned floors....
...The best gift I’ve received was a surprise birthday party that my partner, Mike, threw for me last year in Hudson....
...“It’s much more forward and younger, elegant, much more directional,” he says of the new aesthetic, which has won over Gwyneth Paltrow and Kate Hudson....
...Facebook’s former digital currency chief David Marcus left at the end of 2021, predicting there was still “greatness ahead” for Diem....
...I was introduced to it by chef and restaurateur Marcus Samuelsson of Red Rooster in Harlem, and it has so informed my approach to cooking and being adventurous with flavour....
...The stewards of that process at Bridgewater are curator Marcus Chilton-Jones and his team of 30....
...Hudson’s Bay Company, owner of Saks Fifth Avenue, has expressed an interest in buying the company, according to people familiar with the matter....
...Consolidation has also been suggested, with Saks Fifth Avenue owner Hudson’s Bay seen as a potential white knight for Neiman Marcus as the business navigates the bankruptcy process....
...Among department stores alone, Neiman Marcus and JCPenney, two of the sector’s biggest operators, filed for bankruptcy protection earlier in the pandemic....
...Neiman Marcus, J Crew, Lord & Taylor, Brooks Brothers and JC Penney all filed for bankruptcy this year....
...At least as far as global capital markets are concerned, writes the FT’s Hudson Lockett from Hong Kong....
...Its chief rival, Neiman Marcus, earlier this year restructured its debts to avert a similar fate....
...But on a recent afternoon, Hudson Yards was a ghost town. Its 1m-square-foot shopping mall was shuttered and its anchor tenant, Neiman Marcus, would soon declare bankruptcy....
...Neiman Marcus advertises its New York City store at Hudson Yards as “truly a playground for everyone”, with fashion shows, arcade games and a “digital styling lounge”....
...Schlather produced it in the large, square Hudson Hall, where Anthony herself twice spoke, upriver from New York City....
...After all, Saks’ arch rival Neiman Marcus has just restructured its debts to avert bankruptcy....
...Who Marcus Parfitt Blenheim House, Tower Bridge, £6.2m Where Next to London’s Tower Bridge. City Airport is a 20-minute drive away. What A four-bedroom apartment with views across the Thames....
...The brand was dropped from Nordstrom, Hudson’s Bay and Neiman Marcus last year, with the first two department store chains saying the decision was motivated not by politics but because the brand’s products...
...Last year, Neiman explored a possible sale and held preliminary talks with Canadian retailer Hudson’s Bay, but it later announced that it was shelving any talks over a full or partial sale....
...In the US, groups such as Macy’s, Sears, Nordstrom and Nieman Marcus have closed hundreds of stores....
...The company was also reported to have held preliminary talks with Neiman Marcus. HBC shares are down more than 9 per cent so far this year....
...Hudson’s Bay had reportedly made recent approaches to two US-based competitors, Macy’s and Neiman Marcus, which are also looking to gain a foothold in a rapidly evolving retail environment, as mall traffic...
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