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By MBN Staff - Wed, 01/07/2026 - 07:36
Saks Global seeks a US$1 billion loan for a potential bankruptcy filing following a missed US$100 million payment and the appointment of a new CEO.
https://mexicobusiness.news/tag/luxury-goods
More E-Commerce & Retail
By MBN Staff - Fri, 01/02/2026 - 12:59
Saks Global replaces CEO as the luxury retailer reportedly prepares for bankruptcy following a missed debt payment.
By MBN Staff - Mon, 11/24/2025 - 11:01
The deal through Estée Lauder’s New Incubation Ventures marks its first investment in a Latin American brand.
By Paloma Duran - Wed, 11/19/2025 - 09:12
Switzerland and the US agree to cut Trump-era 39% tariffs to 15%, with Switzerland pledging US$200 billion in investment.
By Mariana Allende - Thu, 08/14/2025 - 11:14
Mexico limits footwear imports; Adidas faces cultural backlash; Kering downgraded amid shifting retail and fintech trends.
By MBN Staff - Wed, 08/13/2025 - 14:48
S&P downgraded Kering’s outlook to negative, citing weak Gucci sales and a 22% revenue drop in Asia-Pacific in 1H25.
By Pascaline Leon - Thu, 05/01/2025 - 06:30
France’s EPV and métiers d’art celebrate artisanal excellence, now showcased in Mexico via the ‘Art de Vivre’ exhibition, writes Pascaline Leon.
By Mariana Allende - Thu, 01/23/2025 - 10:00
This week in finance: Mexico and the EU updated their trade deal, while Mexico's retail stores saw a rise in foot traffic.
By Diego Valverde - Thu, 12/05/2024 - 10:20
Cyberattacks hit Mexico's manufacturing sector the hardest, but online fraud also spiked in the luxury goods sector. This is the weekly roundup!
By MBN Staff - Tue, 12/03/2024 - 14:26
In Mexico, online fraud spikes during end-of-year sales, with home, luxury, and beauty goods being the top targets, says Signifyd.
