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Sak's Fifth Avenue

Business
Spilled Water to Millions: How 2 CT Moms’ Bags Became Oprah-Approved Best-Sellers Spilled Water to Millions: How 2 CT Moms’ Bags Became Oprah-Approved Best-Sellers
Spilled Water to Millions: How 2 CT Moms’ Bags Became Oprah-Approved Best-Sellers It’s often said that necessity is the mother of invention, and two Connecticut moms have proven that true. What started as a soggy laptop bag disaster has grown into a thriving business, twice featured on Oprah’s Favorite Things and becoming an Amazon best-seller. Westport neighbors and best friends Katie Hill and Lisa Watkins founded WanderFull in 2022 to create a stylish, functional bag that could hold everything from a water bottle to a phone and other essentials. Click here to see WanderFull's Amazon page The idea stemmed from Hill, a former buyer for Saks Fifth Avenue, who noticed w…

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by Josh Lanier
Business
Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner
Saks Fifth Avenue Acquires Neiman Marcus For $2.65B With Amazon As Partner Luxury department store Saks Fifth Avenue has acquired rival Neiman Marcus, with Amazon jumping on board with a stake in the newly combined company. HBC, the parent company of Saks, entered into an agreement to acquire Neiman Marcus Group, the parent company of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion.  As part of the deal, Amazon will provide logistics in what HBC says will be a "technology-powered luxury retail company." “We're thrilled to take this step in bringing together these iconic luxury names, Saks Fifth Avenue, Neiman Marcus, and Ber…

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by Joe Lombardi