Richard Baker
Lauren Sherman March 24, 2025
News and notes on the latest collateral damage stemming from Richard Baker’s empire-building Saks Global experiment, from vendor fights to more layoffs.
Marc Metrick
The Metrick memo that shook the world—and the broken model of multibrand retail that produced it.
Richard Baker, chairman of Hudson’s Bay Company (HBC), which owns Saks Fifth Avenue.
Lauren Sherman August 31, 2023
Is Saks’ hunt for the more upscale Neiman a brilliant retail play, a smart real estate move, or the luxury Pam and Tommy sitch of our time?
Bernard Arnault’s interest in multi-brand retail—what we used to just call department stores—dates back at least to his acquisition of Paris’s Le Bon Marché.
Lauren Sherman August 7, 2023
Conversations between LVMH and Neiman Marcus Group may be heating up again as the French billionaire plots his conquest of Fifth Avenue. But can the Goodman family give Arnault what he actually wants?