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Saks Global to close 15 more stores as it nears end of footprint optimisation efforts

Saks Global has confirmed a further 15 store closures as it continues to enact a restructuring plan associated with ongoing bankruptcy proceedings. The luxury retail group is due to close 12 additional Saks Fifth Avenue stores and three Neiman Marcus locations. This latest round of closures follows a first phase initiated in February, when eight...

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Inditex enters Iraq amid surging regional tensions

Madrid – Fate has seen the culmination of a major strategic goal for Spanish fashion giant Inditex coincide with one of the most volatile periods of instability in the Middle East. Despite the outbreak of military conflict between Iran and a coalition of the US and Israel, Inditex has officially entered Iraq—its 98th physical and 215th online...

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