I have been monitoring the possible impending deal between Icelandic equity group, Baugur, and Saks Fifth Avenue.  Women’s Wear Daily is running a big story today about the bid.

Very interesting! As I have been reporting, Saks has shown strong financials as of late.  WWD theorizes that a bid from Baugur might come in at around $3 billion, and […]

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I have been checking the Saks, Incorporated website daily to monitor progress of the possible looming deal with the Baugur Group.  Today, Saks released its third quarter reports, and the higher ups made some very interesting comments.   

The earnings report reveals mostly good news for the luxury retailer.  This quarter boasts an 11.4% comparable store sales increase, but just like most […]

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There are certain stores that are close to my heart, because I loved them as a teen. Ann Taylor and Nine West come to mind, since I used to  frequent those shops when I visited  Atlanta with my family (Fashion Lawyer’s truly a Georgia girl at heart and by birth).  My love for Ann Taylor was so strong […]

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When I saw the Women’s Wear Daily headline this morning about Nicole Miller offering 30% (THIRTY PERCENT!) of her company’s ownership to her employees, I knew I had to blog about it.

Apart from being a very bold move on Miller’s part, I have a personal interest in this news, because one of my oldest and dearest […]

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The absolutely beautiful NYC-based designer, Rachel Roy (pictured below with her husband, hip hop mogul Damon Dash), has something to celebrate. 

Roy and new minority shareholder, TSM, announced their new alignment yesterday.  TSM is an investment firm run by Marvin Traub, Aslaug Magnusdottir and Mortimer Singer.  Traub is a former chief executive of Bloomingdales.   TSM is looking to invest […]

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I have been following the impending Saks deal very closely (click here and here for previous postings), and today there has been a development.
 
Women’s Wear Daily reports that the Baugur Group, a retail company that has ownership in some fashion lines already (including one of Fashion Lawyer’s favorites, Matthew Williamson), has hired the U.S. investment banking firm, NM […]

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Saks announced some financial news this past Monday.

Unfortunately, it was not the announcement I was waiting on! The news from Saks pertains to a special dividend given out last year that has been corrected.  How this investor news will affect a possible impending sale is unclear. 
Once I hear that the sale rumors are crystallized, I will post […]

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Saks, Inc. may be on the market soon. Yesterday and today,  articles in both the Financial Times and Women’s Wear Daily speculate that a sale is near. 

As the Financial Times reported, Saks Fifth Avenue is one of the few luxury large-scale retailers still available for purchase.  The other big-names dealing in luxe, Barneys and Neiman Marcus, are both […]

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The November issue of W Magazine mentions a few recent private equity deals in the fashion world.  First on the list- Betsey Johnson.

Back in August, Bestsey Johnson announced a private equity (”PE”) deal with Boston firm, Castanea Partners. While the details of the deal are not public, the equity firm took a majority interest in the funky […]

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Transactional corporate lawyers handle a variety of business, including private equity.  Private equity (”PE”) is basically a process of investing in private companies’ securities through a hands-on and active approach of management and negotiation to realize value (meaning, buying an undervalued company and making a profit through a variety of different techniques). The “private” in private […]

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