The suit claims that Matthew Whitman Lazenby, president and CEO of the company that owns Bal Harbour, made statements that "breached the parties’ contract and Bal Harbour’s fiduciary duty," according to Saks.
J.C. Penney's talks with landlords for a rescue from bankruptcy proceedings reached an impasse, pushing the department store to the brink of collapse unless it can reach a deal within days to be taken over by lenders.
Venerable US retailer Lord & Taylor filed for Chapter 11 bankruptcy on Sunday, becoming the latest in a growing list of storied names to do so amid the ongoing coronavirus outbreak that has crippled the retail sector.
Upscale retailers including Nordstrom, Saks Fifth Avenue and jeweler Tiffany & Co reopened their New York City flagships on Wednesday with signage and sanitizer stands to calm shoppers worried about the coronavirus.
Closed since March 17 due to the Covid-19 pandemic, the department store’s iconic New York flagship is reopening on Wednesday, June 24, with a number of new safety measures intended to ensure the health of customers.
NYC's prince of jewelry, HRH Prince Dimitri of Yugoslavia, will release Once Upon a Diamond: A Family Tradition of Royal Jewels, a book of memoirs on his family's collections and his own designs, in September.