Investor Bruce Berkowitz, once one of the biggest supporters of Edward S. Lampert’s Sears Holding Corp., has grown much more critical, cut back his investment in the company and is just plain tired.
“Although markets reached new highs in 2017, there was not much to celebrate as the securities of Sears Holdings Corp. and Sears Canada wrecked the Funds’ performance,” wrote Berkowitz in the annual report of Fairholme Funds Inc., which he leads as chief investment officer. “Sears realized billions of dollars from asset sales, as we predicted, but I did not foresee the operating losses that have significantly reduced values.”
The iconic Tiffany & Co. Fifth Avenue flagship will have a whole new look come 2021, reports @mistywhitesidell . The 10-story store is being expanded and renovated under the vision of chief artistic officer, Reed Krakoff. #wwdnews
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018