Saks Global in Crisis After Costly Neiman Marcus Merger
The $2.7 billion luxury retail merger of Saks and Neiman Marcus has led to a debt crisis, delayed vendor payments, and potential bankruptcy. Discover the inside story of the failed deal.
Category : Search result: luxury retail debt
Teen pays off mother's Rs 12 lakh debt, vows to handle bills
A 17-year-old boy's emotional surprise of clearing his mother's Rs 12 lakh debt goes viral. Aman Duggal's gesture of gratitude and responsibility has won hearts online. Watch the touching moment here.
Venezuela Bonds Soar as Investors Eye Post-Maduro Payday
Wall Street investors who held distressed Venezuelan debt are seeing massive gains after Maduro's ouster. Bonds have quintupled, with firms like Fidelity and T. Rowe Price poised for a windfall. Read more.
Women in Retail: The Growing Workforce and Its Price
Indian women are increasingly joining the retail sector for visibility and professional opportunities. Explore the benefits and challenges of this trend shaping the labour market.
Adani Enterprises Launches Rs 1,000 Crore NCD Issue
Adani Enterprises enters the bond market with a Rs 1,000 crore NCD offering to reduce its substantial debt. Retail investors get 35% allocation. Subscription opens Jan 6.
Congress Data Chief's TN Debt Remarks Spark Political Row
Congress leader Praveen Chakravarty calls Tamil Nadu's debt 'alarming', triggering backlash from ally DMK and his own party. Analysis of the political fallout ahead of 2026 polls.
Chidambaram defends TN debt, slams comparison with UP
Former FM P Chidambaram counters AICC's Praveen Chakravarthy, says debt-to-GSDP ratio is the true fiscal health indicator. TN's liabilities within limits. Read the full debate.
Chidambaram: Praveen Chakravarthy's TN-UP Debt Comparison Flawed
Senior Congress leader P Chidambaram dismissed Praveen Chakravarthy's comparison of Tamil Nadu and Uttar Pradesh's debt. He declined a public economic debate, stating he wasn't qualified. Read the full political analysis.
Developers Bet on Integrated Condos with Retail to Reshape Cities
Indian real estate developers are pivoting to integrated condominiums featuring high-street retail. This trend, blending luxury living with premium shopping, aims to create self-contained communities and redefine urban landscapes by 2026.
Punjab Sinks Deeper in Debt: Rs 3.73 Lakh Crore Burden
Punjab's debt crisis escalates to Rs 3.73 lakh crore, consuming 46% of revenue. This fiscal emergency threatens development and demands urgent policy action. Read the full analysis.
RBI: Consumption Loans Dominate Household Borrowing
RBI data reveals a shift in Indian household debt, with over 55% now for retail consumption. Household debt-to-GDP hits 41.3%, but savings improve. Explore the full financial stability report.
How Luxury Evolved: From Kings to Millennials
Explore the fascinating journey of luxury from ancient empires to modern India. Discover how exclusivity, hospitality, and guest expectations have transformed over centuries. Read insights from a hospitality expert.
Chanel overtakes Louis Vuitton in 2025 luxury brand ranking
Brand Finance's 2025 report reveals Porsche as the most valuable luxury brand, while Chanel jumps 45% to overtake Louis Vuitton. Dior is the strongest brand. Explore the full list.
SS Retail Files Draft Papers with SEBI for Rs 500 Crore IPO
Mobile retail firm SS Retail has filed for a Rs 500 crore IPO with SEBI. The offer comprises a Rs 300 crore fresh issue and a Rs 200 crore offer for sale. Read the full details here.
DMart's Store Expansion to Impact Near-Term Cash Flow
DMart prioritises aggressive store expansion for long-term growth, impacting short-term cash flow. JioMart and Blinkit lead in weekly active user growth. Read the full analysis.
Shopaholism: A Hidden Mental Health Disorder Explained
Compulsive buying disorder, or shopaholism, is a serious mental health issue where shopping acts like drug addiction, leading to debt and depression. Learn the signs and treatment. #MentalHealth #India
Retail F&O Traders Lose ₹1 Lakh Annually: SEBI Data
SEBI data shows retail investors lose $12B yearly in F&O. Expert urges curbs to stop wealth transfer from small-town India to Wall Street. Read more.
Saks Stylist's $400K Scam: Clients Warned for Years
Boston's 'Fashion Whisperer' Suhail Kwatra faces fraud charges as Saks Fifth Avenue ignored client complaints for years. Read the full investigation into luxury retail's dark side.
India's Retail Market Eyes 2026 Growth with Focus on Smaller Cities
India's USD 1.1 trillion retail sector is set for double-digit growth in 2026, driven by demand from Tier II & III cities, premiumisation, and tech. Experts highlight margin-led expansion and persistent challenges.
Swiggy Instamart Launches First Offline Store in Gurgaon
Swiggy Instamart quietly opens its first physical retail store in Gurgaon's Sector 65. The outlet offers app-like discounts and serves as a supply hub for local restaurants. Discover the new hybrid retail model.
Saks Considers Bankruptcy Ahead of $100M Payment
Saks Global Enterprises faces a critical $100+ million debt payment on Dec 30, exploring Chapter 11 bankruptcy and emergency funding. Read the full analysis of the luxury retailer's financial crisis.
India's Middle Class Debt Trap: Savings at 48-Year Low
India's net household savings plunge to a 48-year low as post-pandemic borrowing for consumption surges. The middle class is trapped in high-cost debt. Read the full analysis.
Maharashtra Police Crackdown on Illegal Moneylenders
Maharashtra police launch a major crackdown on illegal moneylenders after a farmer sold his kidney to repay a debt. New help desks and awareness campaigns aim to protect vulnerable citizens.
Saks Considers Bankruptcy Ahead of $100M Payment
Saks Global Enterprises is exploring Chapter 11 bankruptcy as a last resort before a crucial $100 million debt payment due Dec 30. The luxury retailer's turnaround plan has faltered. Read more.
Stylist Suhail Kwatra charged in ₹3.85 crore Saks Fifth Avenue scam
Indian-American stylist Suhail Kwatra faces larceny charges for allegedly stealing $429,400 from Saks Fifth Avenue via a returns scheme. Read the full story of his dramatic fall from grace.
Uttar Pradesh reduces power sector debt by 25%
Uttar Pradesh slashes power sector debt by 25% while India's overall liabilities surge 40%. Discover how UP's fiscal discipline defies the national trend of rising discom debt.
UP Reduces Power Debt by 25%, Defies National Trend
Uttar Pradesh slashes its power sector debt by nearly 25% over five years, standing out as other major states see sharp increases. Discover how UP achieved this financial turnaround.
India Retail Shines, Malls to Get $3.5B Investment
India's retail sector emerges as a global bright spot with malls at 95-100% occupancy. Over $3.5 billion in investments expected in 3 years as 88+ foreign brands enter. Read more.
Tamil Nadu Tops India's Most-Indebted States List: PMK
PMK leader Anbumani Ramadoss slams DMK govt as Tamil Nadu's debt hits ₹9.55 lakh crore, topping the list of most-indebted Indian states for the fourth consecutive year. Details inside.
Retail Real Estate Leads Indian Asset Classes in 2025
India's retail real estate sector shines in 2025, delivering 12-15% yields and outperforming other assets. Discover the key drivers and future outlook for investors.
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