HBC’s Mortgage Deal Values Saks at $3.7B

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Overview

Hudson's Bay Co. owns lots of valuable retail real estate. Now, the company has put a value on it all — $8 billion — including the Saks Fifth Avenue flagship, which has been appraised at $3.7 billion.SEE LIST BELOW FOR ALL OF THIS ISSUE'S ARTICLES

From This Issue

The Colonne Vendôme under construction.

Designer and Luxury

Restoring the Glories of Paris

That two of the most powerful symbols of opulence in the French capital are hidden under scaffolding and advertising billboards is not a coincidence.

clock November 10, 2014Joelle Diderich

Just Cavalli Pre-Fall 2015

Fashion Show Reviews

Just Cavalli Pre-Fall 2015

To give the signature bright patterns of his Just Cavalli label a fresh twist, Roberto Cavalli took a botanical approach.

clock November 14, 2014Alessandra Turra

An “Into the Woods” costume sketch by Colleen Atwood.

Designer and Luxury

Colleen Atwood: The Costume Wizard

The designer reunited with Johnny Depp for “Into the Woods,” the much-buzzed-about Rob Marshall musical opening in December.

clock November 17, 2014Sharon Edelson

Etro Pre-Fall 2015

Fashion Show Reviews

Etro Pre-Fall 2015

Moving away from the free-spirited, bohemian theme of the brand’s spring lineup, Etro approached pre-fall with a more urban mood in mind.

clock November 17, 2014Alessandra Turra

The Saks Fifth Avenue flagship in New York.

Retail

HBC’s Mortgage Deal Values Saks Flagship at $3.7B

Hudson’s Bay Co. has revealed plans for a $1.25 billion, 20-year mortgage on the ground underneath its Saks Fifth Avenue flagship in New York City.

clock November 24, 2014

Inside the Derek Lam 10 Crosby store in SoHo.

Designer and Luxury

Derek Lam 10 Crosby Opens in SoHo

The designer today is opening the contemporary collection’s first stand-alone store in New York.

clock November 25, 2014Jessica Iredale

Financial

Chinese Consumers Seen Shrugging Off Interest Rate Cut

Consumer confidence will be minimally impacted by the surprise rate cuts unveiled last week by China’s central bank.

clock November 24, 2014

Human Resources

Stacy Van Praagh Exits Reed Krakoff

Neither Van Praagh nor Reed Krakoff, chief executive officer and creative director, could be reached for comment Monday.

clock November 24, 2014

Government and Trade

C&A Ups Compensation to Bangladesh Victims, as Michigan Threatens to Drop VF

The aftermath of factory tragedies in Bangladesh has sparked new action.

clock November 24, 2014

Human Resources

Haute Hippie Beefs Up Its Ranks

The executive team is coming into focus at fast-growing contemporary brand.

clock November 24, 2014

Designer and Luxury

Fallout at Ralph Rucci: Firm Cuts 15 in Atelier

Layoffs were a result of the company’s new direction in the development of a newly envisioned fashion brand.

clock November 24, 2014

The Webster Men's store at the Bal Harbour Shops.

Designer and Luxury

The Webster Men’s Opens in Bal Harbour

The 1,700-square-foot store sports an “edgier” mix of designer men’s brands, including about 10 labels new to the store.

clock November 24, 2014Jean E. Palmieri

An interior view of Ron Robinson's new store at 1327 5th Street in Santa Monica.

Textiles

Ron Robinson Goes Solo in Santa Monica

The store, at 1327 5th Street, is one-and-a-half blocks north of his recently shuttered emporium at the Fred Segal Santa Monica building.

clock November 25, 2014Marcy Medina

Jewelry

Dolce Vita Era Returns to Italy

Bulgari is the main partner of “Bellissima,” an exhibition celebrating Italy’s haute couture and creativity coming to Rome.

clock November 25, 2014

A rendering of Charming Charlie's New York flagship, due to open in April 2015.

Jewelry

Charming Charlie to Hit Manhattan

After 10 years and more than 330 retail locations, the brand is setting up shop in New York City.

clock November 25, 2014

Fashion Scoops

MW Founder George Zimmer Plotting Next Move

After being dumped from his post as executive chairman and corporate spokesman of The Men’s Wearhouse in June 2013, Zimmer is planning to start a new business.

clock November 25, 2014

Emoji stationary from Connor.

Fashion Scoops

Barneys New York and Connor to Collaborate in Digital Realm

Upcoming launches will enable users to select and send cards through e-mail and social media, as well as create events and manage RSVP lists.

clock November 25, 2014

Fashion Scoops

AEO’s Get Down Party Bus Coming to New York City

American Eagle Outfitters is upping its holiday shopping promos to include transportation on Fridays and Saturdays through Dec. 20.

clock November 25, 2014

André Leon Talley

Media

André Leon Talley Links Up With Will.i.am

The former Vogue editor will be the new fashion and style director for Will.i.am and his i.am.Puls fashion bracelet.

clock November 25, 2014

Media

Wired Retail Conference Returns to London

The worlds of social media, e-commerce and online content are becoming increasingly intertwined, delegates argued Monday.

clock November 25, 2014

The Financial Times' one-off How to Give It offering, which came out last year.

Media

Financial Times Marks 20 Years of ‘How to Spend It’

The FT’s high-end lifestyle magazine is producing a one-off title, How to Give It, where all the merchandise and services featured are up for grabs.

clock November 25, 2014

Olganna Paris by Olga Djanguirov's leather sandal with handmade flowers, Ek Thongprasert's silicone necklace and Lee Savage's brass-and-leather clutch.

Designer and Luxury

Accessories Labels On the Rise

While not yet household names, this creative contingent is generating buzz with a range of luxury accessory lines.

clock November 25, 2014Roxanne Robinson

Emme and Marshal Cohen

Marketing and Promotion

Panel Laments Plus-size Challenge

Some $12 billion to $14 billion worth of business is lost each year due to not servicing the full-figured customer.

clock November 25, 2014Lisa Lockwood

Melissa McCarthy

Ready To Wear

Melissa McCarthy Joins Celebrity Designer Rush

The Emmy award-winning actress and comedian has teamed up with Gerard Guez’s Sunrise Brands to create a fashion line.

clock November 25, 2014

Burberry Pre-Fall 2015

Fashion Show Reviews

Burberry Prorsum Pre-Fall 2015

Christopher Bailey took a luxe, whimsical turn, presenting a collection filled with contrasting weights and textures.

clock November 25, 2014Samantha Conti

Gwyneth Paltrow and Monique Lhuillier

Fashion Scoops

Gwyneth Paltrow’s Dallas Goop

The actress was in town last weekend to celebrate the opening of her Goop pop-up shop at Highland Park Village.

clock November 25, 2014

Essentialist

Today's Must Read

Hero Cosmetics Rescue Mission Holiday Kit

Beauty

Holiday Shopping in Beauty Focuses on Discounts, D-to-c

clock 13hAllison Collins

Social Studies

WWD logo Global Stock Index

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