In a monumental move within the luxury retail sector, HBC, the parent company of Saks Fifth Avenue, has announced its acquisition of Neiman Marcus Group for a staggering $2.65 billion. This acquisition will bring together two iconic retailers, laying the foundation for the newly established Saks Global. The amalgamation will encompass Saks Fifth Avenue, Saks
Business
The world of competitive eating witnessed a major shift recently with Patrick Bertoletti emerging as the new champion of the Nathan’s Hot Dog Eating Contest. After a longstanding reign by 16-time winner Joey Chestnut, Bertoletti, a 39-year-old from Illinois, consumed an impressive 58 hot dogs in this year’s 10-minute event, claiming the coveted Mustard Yellow
Women’s soccer is experiencing a monumental shift in the world of sports investment, with private equity firms stepping off the sidelines and taking on a more active role. While other major U.S. sports leagues have allowed private equity investors to hold passive, minority stakes, the National Women’s Soccer League (NWSL) is paving the way by
United Airlines has taken a step towards improving the travel experience for its passengers by implementing a new strategy. By utilizing generative artificial intelligence, the airline will now send travelers live radar maps to explain flight delays. This innovative approach aims to provide customers with real-time information about the reasons behind disruptions, such as bad
Ford recently reported a 1% increase in sales during the second quarter compared to the same period last year. This growth was primarily driven by a 5% increase in truck sales, with a total of 308,920 trucks sold. The F-Series, one of Ford’s most popular truck models, accounted for 199,463 of those sales. This marks
A recent development in the media industry has caught the attention of many as media mogul Barry Diller has shown interest in acquiring National Amusements Inc., the company owned by Shari Redstone and the controlling shareholder of Paramount. Diller’s IAC, an internet media and publishing company, has reportedly signed a nondisclosure agreement and is looking
The Florida Panthers, who have reached the Stanley Cup finals two years in a row, have recently made a significant move by signing a multiyear deal with E.W. Scripps. This deal will allow local broadcast networks in Florida to air the Panthers’ preseason, regular season games, and round one of the playoffs. The move marks
General Motors recently reported its best quarterly sales in over three years, with particular increases noted in full-size pickup trucks and all-electric vehicles. The Detroit-based automaker announced sales totaling 696,086 units for the second quarter, representing a 0.6% increase from the previous year. This marks GM’s highest quarterly sales volume since the fourth quarter of
Boeing recently announced its plans to acquire Spirit AeroSystems, a struggling fuselage maker, in an all-stock deal. The move is aimed at improving safety and quality control within the aerospace company. The deal, valued at $8.3 billion, will involve Boeing paying $37.25 a share in Boeing stock for Spirit. This acquisition comes on the heels
Disney and Pixar’s “Inside Out 2” has achieved a remarkable milestone by joining the exclusive billion-dollar club. With a worldwide tally of $1.014 billion as of Sunday, the animated feature has become the highest-grossing film of 2024. This achievement marks a significant triumph for the film industry, particularly in the aftermath of the pandemic. The