SAKS HEIST: The robber at the Saks Fifth Avenue flagship in New York Sunday got away with $250,000 worth of Chopard merchandise by smashing into a display case in the new jewelry department that officially opened Dec. 5, sources told WWD. Chopard is best known for its expensive fine jewelry and watch collections that feature diamonds. According to reports, the suspect hid in the store after it closed, restricted his destruction to one display area, and was photographed by a video camera. Authorities are trying to identify the perpetrator.
JACOBSON’S WOES: Jacobson Stores reported that its third-quarter losses expanded to $13.9 million, or $2.40 a share, as sales declined 10.8 percent, to $86.2 million, and same-store sales dropped 8.5 percent. Special items for the quarter ended Nov. 3 accounted for $8.3 million of the loss. The Jackson, Mich.-based firm said it had failed to comply with certain financial covenants and missed interest payments on certain notes. While looking for additional financing and alternatives, it said it couldn’t guarantee those efforts would meet with success.
ONLY MAN STANDING: Berkshire Hathaway’s $835 million offer to buy Fruit of the Loom Inc. went unchallenged Tuesday, according to reports from Wilmington, Del., where the underwear manufacturer is winding its way through bankruptcy court. The next step on the acquisition trail for Warren Buffett’s firm will be a hearing on Jan. 2, when the bankruptcy court is scheduled to consider the offer.