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The Latest Breaking News from Richard Baker

‘The consumers are still out there’: why a bankruptcy for Saks Global may not spell the end

Just more than a year after the new luxury behemoth was formed, it announced it had filed for chapter 11 bankruptcy

The Guardian - US

Can Saks' new CEO repair the damage done to the luxury retailer by years of being treated as a 'financial plaything'?

Geoffroy van Raemdonck's first order of business will be to win back fashion brands.

Fortune

Saks Global files for bankruptcy after takeover leads to financial collapse

Debt-riddled retail giant’s demise has cast uncertainty over the future of US luxury fashion

The Guardian - US

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Saks Global's near bankruptcy is the result of risky dealmaking—and a neglect of business basics

Also: All the news and watercooler chat from Fortune.

Fortune

How a real estate scion's risky dealmaking pushed Saks Global to the brink

With vendors angry and luxury shoppers deserting in droves, the department store chain’s new CEO, Richard Baker, faces a tough slog.

Fortune

Saks CEO Steps Down: What Went Wrong in the Final Months

Saks Global replaces its CEO amid debt pressure, missed payments, and a slowdown in luxury sales, exposing the risks of rapid expansion and bold mergers.

International Business Times UK

Luxury Giant in Freefall: Saks 'Desperate' to Lock Down $1B Financing After Skipping Huge Debt Payment

Saks Global races to secure $1B in emergency financing as bankruptcy looms after missing a $100M bond payment linked to its troubled Neiman Marcus deal.

International Business Times UK

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Festering families, difficult truths and transcendent grace: best podcasts of 2025

Quality narrative podcasts experienced a downturn this year, with industry layoffs in key networks including Pineapple Street Studios and Wondery. But commercial cutbacks have reinvigorated the artistic spirit of the genre.

The Conversation

Sir David Attenborough's '90s living room embodies the elegance of heritage design – his arrangement is a masterclass in favoring quality over trends

The tides are changing on fast furniture and fads – and Sir David Attenborough's house is the perfect inspiration for embracing slow decorating

Homes & Gardens

Scottish Labour MPs set to rebel on UK welfare reform – see the full list

MORE than 100 Labour MPs have lined up to oppose the UK Government’s proposed changes to disability benefits ...

The National (Scotland)

London's largest insurance market, famed for its male-dominated culture of alcohol and drugs, finally cracks down on drinking at work

Lloyd’s of London plans to ban “conducting Lloyd’s business when under the influence of alcohol where it leads to unprofessional behaviour.”

Fortune

Dan Grieve 25 Handicap Lesson: Better Bunker Play

Dan Grieve gives a high handicap golfer a lesson in the sand to get the ball out of the bunker consistently every time

Golf Monthly

Parent company of Saks Fifth Avenue to buy rival Neiman Marcus for $2.65 billion,

The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth Amazon holding a minority stake

The Independent UK

Summer solstice 2024 is here! See celebrations at Stonehenge and beyond (photos)

Around the world, people celebrated the June 20 solstice in a variety of ways as Earth's north pole reached its greatest tilt towards the sun.

Space

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The Canberra Times

Now more than ever, we need Reconciliation Day to lead to listening

There's a very serious side to the event at Commonwealth Park.

Evening Standard

Are American XL bully dogs banned in the UK? Owners must register breed until end of 2023

The crossbreed has been involved in a number of attacks, but some experts say banning the animals is not the answer

Evening Standard

Surgeon demands American XL Bully dogs ban amid ‘unrelenting attacks’

Top plastic surgeon who has treated victims of dog attacks joins calls for ban on American Bully XL dogs

Birmingham Post

April round-up of East Midlands movers and shakers

Changes at Azets, Premier Logistics, Nottingham University Business School, Allison Homes, PKF Smith Cooper, Blueprint Interiors, IMA Architects, The Speakers Agency and Wattbike

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Zenger

Snow Blankets London As Bitter Cold Grips Northern Europe

A blast of arctic air caused a burst of late-season snow and resulted in the cancellation of numerous flights in London.

The Walrus

Why Hudson’s Bay Company’s Future Is in Question

HBC saw its start during London’s bubonic plague and might see its end in the aftermath of COVID-19’s retail devastation

Nottingham Post

Placenta dissected after baby’s death at Nottingham City Hospital leaving parents without answers

Parents Emmie Studencki and Ryan Parker have spoken out after more details about what happened were made public in a Coroner’s report.

The Guardian - UK

BCMG/Downie Dear review – Hunt and Baker take us from Old Norse to a 70s disco workout

Birmingham Contemporary Music Group’s latest programme featured contrasting works by Edmund Hunt and Richard Baker, with evocative live electronics

The Guardian - UK

UK crime gangs rake in millions through supported housing, say police

Charities warn criminals cashing in on unregulated accommodation for vulnerable people exempt from housing benefit caps

The Guardian - UK

Bank’s intervention may not mark the end of market mayhem

Bank of England’s fourth round of QE could still fail to calm markets and be followed by an emergency interest rate rise

The Guardian - UK

London’s blooming: gardens flourish on the tube – photo essay

The In Bloom competition showcases the talents of green-fingered TfL staff, who have turned tube and bus stations across the capital into havens for plants and trees, and even fruit and veg

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