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: Saks Fifth Avenue larceny
Australia win Ashes 4-1 after 5-wicket victory in 5th Test
Australia defeats England by five wickets in the final Ashes Test at The Oval, sealing the series 4-1. Read the full match report and analysis here.
Saks Bankruptcy Fears Prompt Rush to Use Gift Cards & Credits
Amex Platinum cardholders are rushing to use Saks credits as bankruptcy looms. Learn what experts say about gift card safety and how past retail cases unfolded.
DMart shares jump 5% in major relief rally
Avenue Supermarts (DMart) stock surged 5% to ₹3,844.70, marking its best day since mid-August 2025. The rally offers respite after a prolonged sell-off triggered by Q3FY26 results that missed estimates. Read the full analysis.
Bethell Joins Kapil Dev in Elite Test Century Club
England's Jacob Bethell scores his maiden Test hundred in the Ashes, joining legends like India's Kapil Dev in a rare international batting feat. Read more.
Ben Stokes injured, leaves field on Day 4 of Ashes Test
England captain Ben Stokes left the field with a right adductor injury on Day 4 of the final Ashes Test. Get the latest updates on his condition and England's fightback.
Head's 163* puts Australia in command in 5th Ashes Test
Travis Head's unbeaten 163 propelled Australia to 518/7, giving them a massive lead over England. Head also crossed 600 runs in the Ashes series. Read his insights on his form and batting order.
Court Sets Feb 7 Hearing in Sonia Gandhi Voter List Case
A Delhi court has adjourned to February 7 the hearing on a revision petition challenging Sonia Gandhi's inclusion in electoral rolls. The Congress leader's counsel sought time to file a reply. Read the latest developments.
Jefferies Seeks Ex-CEO Testimony in First Brands Case
Jefferies presses to question First Brands founder under oath amid a $715M invoice scandal. The legal battle intensifies as the former CEO cites the Fifth Amendment. Read the full details.
Maduro Capture Triggers US Political Crisis, Impeachment Demands
The dramatic capture of Venezuela's President Maduro by the US has ignited a firestorm in Washington. Democrats demand impeachment, Republicans are split, and a constitutional crisis unfolds. Read the full analysis.
DMart Shares Fall 2.25% to 10-Month Low Post Q3 Update
Avenue Supermarts (DMart) shares plunged over 2% to a 10-month low after its Q3 revenue growth slowed to 13.15%, missing analyst forecasts. Store additions also lagged expectations.
Dhurandhar's Historic 5th Week, Crosses Rs 1200 Cr Globally
Ranveer Singh's 'Dhurandhar' shatters box office records with a historic Rs 33.25 Cr 5th weekend, dethroning 'Chaava'. The film's worldwide collection now stands at a staggering Rs 1,201.5 crore. Read the full breakdown.
Gangsters Open Fire at Amritsar Shop and Saloon
Unidentified assailants fired shots at a chemist shop and a saloon in Amritsar's Green Avenue. Police are investigating the gang rivalry link. Read the latest updates.
Saks in Talks for $1B Loan Ahead of Chapter 11 Filing
Saks Global Enterprises is negotiating a $1 billion loan for a potential Chapter 11 bankruptcy filing. The luxury retailer missed a $100M interest payment and faces sales decline. Read the full story.
Rain Threat Looms Over Sydney Ashes Test Day 2
Persistent rain in Sydney could disrupt Day 2 of the fifth Ashes Test between Australia and England. Get the latest weather forecast and match updates here.
Brook admits to needing patience after Day 1 knock in Ashes
Harry Brook scored an unbeaten 78 on Day 1 of the final Ashes Test, forming a 154-run stand with Joe Root. He acknowledged his need for more patience after a series of rash shots.
D-Mart Q3 Revenue Rises 13.15% to Rs 17,612 Crore
Avenue Supermarts reports strong Q3 FY26 standalone revenue growth of 13.15% year-on-year. The D-Mart chain's store count reaches 442. Read the full financial update here.
Bengaluru University Panel to Probe Accounting Paper Leak
Bengaluru City University forms a committee to investigate the alleged leak of a fifth-semester BCom Advanced Accounting paper on social media. Details inside.
Delhi Court Convicts Trio in MCD Bribery Scandal
A Delhi court convicted an MCD Junior Engineer and two others for demanding a bribe to allow house construction. The CBI caught one accused red-handed. Sentencing on January 5.
DMart Q3 Revenue Up 13.15%, Adds 10 New Stores
Avenue Supermarts reports Q3 FY26 revenue of ₹17,612.62 crore, up 13.15% YoY. The DMart operator added 10 stores, taking total count to 442. CLSA picks it as a top 2026 bet. Read for key details.
England's 12-man squad for 5th Ashes Test announced
England have named their 12-man squad for the final Ashes Test in Sydney. Young spinner Shoaib Bashir is in line for a potential debut. Get the full team details and analysis here.
7 Amritsar Engineers Suspended in Rs 52.8 Crore Tender Case
Punjab govt suspends 7 Amritsar Improvement Trust engineers over irregularities in a Rs 52.8 crore tender. Probe committee findings trigger action. Details inside.
DK Metcalf Engaged to Singer Normani in 2025
Seattle Seahawks star DK Metcalf is engaged to pop singer Normani. Discover their love story, her solo career after Fifth Harmony, and their 2025 milestone.
Schools in Punjab Organise Festive Christmas Activities
Schools across Punjab, including in Ludhiana, celebrated Christmas with plays, carols, and charity drives, fostering joy and community spirit. Read about the festive events.
Delhi gets 16 fast-track courts for terror, organised crime cases
Delhi becomes first state to set up 16 dedicated fast-track courts for speedy trials under UAPA, NIA Act. Aimed at hardened criminals & terror accused, these courts will prevent bail due to delays.
Activist Investors Circle US Banks, Spurred by Deregulation
A new wave of activist investors, led by HoldCo, is targeting US regional banks like Comerica & KeyCorp. Trump's deregulation could fuel more campaigns in 2026. Read the full analysis.
VMC's Green Drive: 550 Saplings Planted to Beautify Vijayawada
Vijayawada Municipal Corporation launches major greening initiative, planting 550 bougainvillea saplings and targeting 10,000 trees to reduce pollution and enhance city beauty. Read more.
MPSC introduces 5th MCQ option, negative marking for blanks
Maharashtra PSC announces major exam reforms: a fifth 'none of the above' option in MCQs and negative marking for unanswered questions. Changes effective from March 2026. Read the full details.
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.
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.
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