In a move that would further consolidate the luxury retail market, the parent company of Saks Fifth Avenue has agreed to acquire Neiman Marcus in a $2.65 billion deal, creating the ultimate high-end department store behemoth, the companies announced on Wednesday. The deal, which had been rumored since Neiman Marcus filed for bankruptcy protection during…
Silvano Marchetto, an Italian restaurateur whose Greenwich Village trattoria, Da Silvano, opened in 1975 and became a star-studded canteen and a Page Six fixture, died on June 4 in Florence, Italy. He was 77. His daughter, Leyla Marchetto, said the cause was heart failure. For four decades, akin to a downtown Elaine’s, Da Silvano was…
The Justice Department on Thursday sued Live Nation Entertainment, the concert giant that owns Ticketmaster, asking a court to break up the company over claims it illegally maintained a monopoly in the live entertainment industry. In the lawsuit, which is joined by 29 states and the District of Columbia, the government accuses Live Nation of…
The House on Wednesday passed a bill with broad bipartisan support that would force TikTok’s Chinese owner to sell the hugely popular video app or be banned in the United States. The move escalates a showdown between Beijing and Washington over the control of technologies that could affect national security, free speech and the social…
Another day, another billionaire casually asking the taxpayers of his city for a billion dollars so he can get even more money than he already has. Fire Tony La Russa NOW! | Trash Talkin’ Tuesday This time, the culprit is Jerry Reinsdorf, who made his fortune in real estate partnerships. He sold his company, Balcor,…
