Latest news with #Saks
CBC
3 days ago
- Business
- CBC
B.C. billionaire hosts job fair in Toronto amid bid for Hudson's Bay leases
Social Sharing A British Columbia billionaire seeking to acquire dozens of former Hudson's Bay leases held a job fair in Toronto this weekend to attract people to work at the properties— despite not yet leasing the retail spaces in the city. Ruby Liu signed deals with Hudson's Bay in May to buy up to 28 leases across Canada belonging to the defunct retailer and its sister banner Saks. So far, only three leases have been transferred. Liu hosted the job fair at the Intercontinental Hotel on Saturday, drawing workers, vendors and former Hudson's Bay employees, who were hopeful and uncertain about the future of the store. "If she pulls this off, she will be a Canadian hero," said Sandi Kveton, who worked at Hudson's Bay for 27 years. "We're hopeful that she can get the leases. She's still fighting in court, so we really don't know if we have jobs or not." The three spaces in B.C. were transferred to Liu last month after receiving court approval. The Bay has yet to seek that assent for up to 25 more in properties held by other landlords, who are overwhelmingly opposed to Liu moving in because they say she's yet to provide detailed business plans. An Ontario judge adjourned a court hearing last Tuesday initiated by a creditor of Hudson's Bay seeking to terminate Liu's purchase agreement. The judge urged Liu, who is now parting ways with two law firms, to hire a lawyer to represent her and her plans to buy the leases. WATCH | Who is Ruby Liu?: Who is Hudson's Bay benefactor and billionaire Ruby Liu? 25 days ago Ruby Liu, a billionaire with a big vision, now has legal permission to take over the leases of three former Hudson's Bay department stores located at three malls already under her ownership. For more on the new Bay benefactor, we're joined by retail analyst Carl Boutet. Speaking through her CEO and translator, Linda Qin, Liu expressed optimism about the outcome of the hearing. "She's very confident that we are going to get the stores," said Qin on Saturday. "We want to prepare for the store openings." "It's very obvious that Ruby Liu is a qualified bidder." Plan faces pushback A Toronto lawyer said the different Bay creditors are still unsure if this is in the best interest of their financial situation. "It's a disagreement about whether or not the information that's been provided so far offers enough comfort as it relates to whether or not this is in the best interest of the different creditor groups," said Sherena Hussain, lawyer and founder of Academic Collaboration Consulting. "In many cases, they're looking to recover cents on the dollar." Liu has budgeted $84 million to transform former Bay spaces into Asian-style department stores offering shopping, dining, and entertainment. She plans to use the properties to open a department store named after herself. WATCH | B.C. billionaire Ruby Liu shares her vision for former Hudson's Bay locations: B.C. billionaire Ruby Liu shares her vision for former Hudson's Bay locations 13 days ago B.C. billionaire Ruby Liu is hoping to expand her mall empire by taking over 28 former Hudson's Bay retail space leases. She joined CBC's Gloria Macarenko with a translator to share her vision for the department stores, in her first interview with English-language media in Canada. A vendor attending Liu's fair on Saturday said he believes in her vision and that this is the change Canada needs. "She actually came here to invest her own money and revitalize the retail businesses, which is a positive thing for Canadian industry," said Jay Lim, the CEO of K-Beauty Canada. But retail expert Jim Danahy said this could be a challenge for Liu. "These are big square boxes without windows and not easily redeveloped," said Danahy, who's the CEO of CustomerLab. "She's got some experience renting retail space, not operating retail space." Many landlords also said in court that they think Liu doesn't have the suppliers, financing, or retail management experience to run a department store.
The Star
6 days ago
- Entertainment
- The Star
30 years on, 'Clueless' is still defining fashion trends – here's how
Power plaids, matching sets, athleisure – all fashion mainstays now, but in the summer of 1995, they weren't exactly on trend when the murky flannels and shredded denim of grunge ruled. Until a fizzy comedy starring an 18-year-old Alicia Silverstone set at a Beverly Hills, California, high school rolled into theatres like a white Jeep Wrangler with a monster sound system. No, you're not totally buggin', friends, it's the 30th anniversary of Clueless . Directed by Amy Heckerling, who loosely based her screenplay on Jane Austen's Emma , the teen classic centres on Cher (Silverstone) and her well-intentioned matchmaking in the halls and malls of Beverly Hills. Cher's circle of friends includes her bestie Dionne (Stacey Dash); her frenemy Amber (Elisa Donovan); Christian (Justin Walker), her crush; and Tai (Brittany Murphy), her protegee. But from the opening scene, the film's fashion vibrates with main character energy – and that's exactly what Heckerling and costume designer Mona May intended. 'We had to create these girls that are authentic but have a certain kind of fashion sense that wasn't out there' at the time, said May, who drew on her childhood in India, a European sensibility and an encyclopedic knowledge of runway shows to create the film's bold styles. 'Cher's looks were completely over-the-top in the best way,' Silverstone wrote in an email. 'But that's what made her iconic!' Of Cher's impact, Silverstone added: 'She gave people permission to look like they cared about their fashion.' The costume designer had a clear vision, Silverstone recalled, adding, 'Looking back it's funny because they were the adults but were much more tapped into youth culture and fashion than I was.' Plaids featured prominently in the film. Photo: Collection ChristopheL via AFP Silverstone's close friend, designer Christian Siriano, featured several Clueless -inspired looks in his Autumn/Winter 2023 collection. 'Growing up, there wasn't a lot of film fashion that a young designer could fall in love with, and Clueless was that,' he said. 'Everybody wanted to dress like Cher.' On a video call from her home in Los Angeles, May, dressed in a bright pink top, hat and necklace, broke down the film's most influential looks. Here are excerpts from her comments. Cher's back-to-school ensemble The look: The starting point was the Catholic schoolgirl uniform. How would Cher interpret it? It's the schoolgirl uniform on steroids. I looked for suits. I got a blue one that looks great on blondes, and then out of the corner of my eye I see on the rack in Neimans or Saks, the yellow (Jean Paul Gaultier) suit. And I grab it. Alicia walks into the fitting in her sweatpants, with her dogs. She tries the blue. It's beautiful, but it's nothing. It's just pretty. So Alicia puts the yellow on, and this is the moment that's magic. She became the queen bee. She became the ray of sunshine. We knew immediately. The lasting influence: Plaid is timeless. I love Vivienne Westwood – it's not grunge; it's kind of punk. The yellow was so impactful. Dior just did it two years ago. Kim Kardashian wore a yellow plaid outfit with her daughter North. That was incredible. Read more: Michelle Yeoh and other stars light up Demna's final Balenciaga runway show Cher's first-date dress The look: The script says she's wearing something very inappropriate. That's all Amy wrote. It's my task as a costume designer to figure out what that is. We found this Calvin Klein dress. It was perfect in so many ways because it looked like a slip. It was off-white, so a little bit bridal. She's a virgin sacrifice (laughs). We probably tried 50 dresses. But again, it came together at the fitting. This is pre-Spanx. We want to make sure Alicia's feeling comfortable because she has to exude confidence in that scene. It's the perfect body-hugging dress without being skintight. The material is more cotton. The lasting influence: It's a perfect shape for every kind of occasion. You can wear it with Birkenstocks to the beach, or dress it up with diamonds and red lipstick. That's why it will never go out of style. Cher's layered look The look: It's a pivotal emotional moment for Cher, because she's always so sure of herself. But she didn't pass her (driving) exam, and she finally realises she loves Josh (Paul Rudd). The blouse is a matte silk chiffon with ruffles, and I put her 'very capable' vest over it to make sure she looks proper for the test. We did the argyle silver skirt and Mary Janes, as always. The colour was very muted because it was where she was: Nowheresville. The lasting influence: The white shirt is timeless. Now girls are wearing the big, oversized shirts. I think we should all have one in the closet. Cher's gym attire The look: Amy said we got to do black and white. We were on Melrose (Avenue), shopping at the rave shops, trying to find all the different categories, starting with Cher. There was nothing like this in the stores. No crazy cool yoga clothes or designers like Balenciaga making spandex. I think I may be the one who started the T-shirt (under) the spaghetti strap tank trend. I had eight weeks to prep. So we found a bunch of black-and-white stuff, whatever we could get our hands on. Amber has a 1920s swimsuit or wrestler's outfit. And Dionne is in a tuxedo shirt with white little ruffles. The lasting influence: I created the water bottle (carriers in the film). I want to claim that Karl Lagerfeld in his next collection (for Chanel) did that. His runway shows inspired Clueless , too. Dionne's photo-shoot outfit The look: The burgundy dress with the white cuffs and collar was Stacey's favourite. It is a stretch velvet two-piece, actually, a skirt and a top. The white cuffs and collar with the white knee-highs and headband – don't you think of 1960s Brigitte Bardot? France is always on my mind because they are truly the most chic people in the world. The lasting influence: Stacey Dash was a little older than everybody else. She lived in New York City. She was super punk rock, self-assured. And she understood these clothes. Stacey said she gets stopped to this day by women telling her how (Dionne's fashion) changed their lives. We didn't set out to do it. It was never a conversation at the fitting. We were just creating these amazing characters. There's something about matching, too; something that is simple is really beautiful. Amber's take on knits The look: Pippi Longstocking was my favourite film (character) growing up. She was the coolest, most self-sufficient girl. I wanted to pay homage to her. This look was very Missoni-inspired. We actually had to buy the fabrics and match different stripes. Amber was savvy about fashion; she just took it to another level. The lasting influence: If you look at that outfit or her sailor outfit or the army outfit, you could wear it, especially now that everything is so quirky. Now we wear everything with jeans. It was very fresh, mixing high and low. The film also helped set trends in menswear. Photo: Collection ChristopheL via AFP Christian and Cher's mall garb The look: When we meet (Christian) we cannot know that he's gay. We have to hide his identity. So how do we do this? When I saw a picture of Justin Walker, I was mesmerised. I thought immediately: James Dean. Rat Pack 40s, 50s and a little bit of rockabilly. We dressed him in period pants with pleats, gabardine jackets, gabardine shirts. In the end, he becomes the best friend of Cher. Only a fashionista with very sophisticated taste can go shopping at the mall with her. The lasting influence: I think men will always look good in those clothes. You can go preppy with it – khaki pants with a white T-shirt – or a very nice polo and a good leather jacket. The sage green minidress was Alicia's favourite. Because it's so comfortable. It comes back to Emma , what women wore during the Regency period – empire waist, the little puffy sleeves, the lower necklines. I don't know anybody who looks bad in that at any age. Read more: Dressing for two? These stars have proven that maternity style can still be chic Tai's school dance outfit The look: They are not mean girls. They're there for each other, even if it's making Tai over. Brittany Murphy was so wonderful. She was an incredible actress at 17. She came on the set with her mom, and she knew immediately how she wanted to approach the character, with this kind of sadness and vulnerability. She said, 'Mona, I really want to be as grungy as I can. I don't want to look pretty.' She becomes this mini Cher. But it's the mall version. It's not tailored so perfectly. Maybe the colour palette is a little bit off. And then she's trying to find herself at the party with the overalls. This is something Brittany was so brilliant at. You really see that arc, and the clothing supporting her all the way to the end, where she's this California girl, sporty and feminine. The lasting influence: She's learned, from the pieces, who she was. And I think it's that emotion that has staying power. – ©2025 The New York Times Company This article originally appeared in The New York Times.
New York Post
11-07-2025
- Entertainment
- New York Post
Last chance for Prime Day clothing deals for summer styles on a budget
New York Post may be compensated and/or receive an affiliate commission if you click or buy through our links. Featured pricing is subject to change. Prime Day is almost over. Today is the last day to snatch up mega deals! And no, it's not just for air fryers and power tools; fashion is quietly having a moment. Amazon's Prime Day clothing deals are surprisingly good this year, with everything from effortless basics to actual designer finds, thanks to Amazon's low-key luxe partnerships with Saks and Rebag. So what does that mean for you? Well, in between browsing for a new Apple charging cable, you might just stumble across a pack of Jennifer Aniston's favorite pair of hanky panky underwear or a pair of The Gym People workout leggings with pockets, and trust us, you will if you keep scrolling. Not a Prime member yet? Sign up for a free 30-day trial to get two-day shipping with no cost to you. Advertisement The Amazon Prime Day women's clothing section is stacked with easy tanks, shirt dresses, matching sets, and quiet-luxury basics that would absolutely pass for boutique buys. Think of easy and cute packing clothes that you'll actually wear on vacation this summer and into fall. And for the guys, the men's clothing Amazon Prime Day edit is solid this year. Clean sneakers, tailored pants and street-chic shoe wear that works at the office. You don't have to wait for a sample sale or suffer through a department store to find great fashion anymore. Scroll for the best Prime Day clothing deals and bestsellers to give your closet or home a revamp. Best Women's Clothing Deals | Best Men's Clothing Deals Best Amazon Prime Day Women's Clothing Deals GRAPENT Barrel Jeans for Women These stylish barrel jeans feature a 26-inch inseam and come in 13 different colors, available in sizes XS to XXL. With functional pockets and whiskered seam details, they offer a trendy, vintage-inspired look that feels very 'quiet luxury.' Amazon The Levi's Women's 318 Shaping Wide-Leg Jeans blend classic style with a modern silhouette, designed to smooth and flatter in all the right places. With a comfortable high rise and wide-leg cut, they're a go-to pair for effortless outfits that look as good as they feel. Amazon The Drop Women's Britt Tiered Maxi Tend Dress is perfect for summer! Made of 100% Tencel Lyocell and machine washable, it's available in a multitude of colors and is selling out — fast! Grab while you can get it at a discount in your size. Amazon Beach, bleachers, brunch, this waterproof tote can handle it all. With its open-top, stay-put design and dirt-resistant EVA material, the BOGG Bag is built for chaos. It's a mom-favorite, TikTok-loved, and rarely on sale. Scoop it while it's 20% off. Product Spotlight SUUKSESS Women Sexy Square Neck Tank Top Amazon Why we love it: Breathable fabric, good for layering Comes in multiple colors Fits most sizes Double-lined Ready to bring back Y2K nostalgia? Sometimes the best fashion moments come from getting back to the basics, and this SUUKSESS Square Neck Tank Top is a great way to enter the conversation. Its buttery-soft, stretchy construction is designed to move with your body like a second skin and has adjustable straps to find the correct length for you. The square neckline is flattering for a girls' night on the town or a basic top to layer at work. Unlike other Amazon Prime Day deals that offer affordable prices, this one is double-layered, so it's not see-through and holds up well over time thanks to its strong construction. Available in sizes XS through XL in multiple colors. AMAZON $38.95 $19.16 New York Post receives revenue from affiliate and advertising partnerships for sharing this content and when you make a purchase. Apple This viral maxi dress is serving elegance and comfort. The strapless, body-hugging silhouette flatters every curve, while the soft, stretchy fabric moves with you, not against you. It's the kind of dress that works at brunch, the beach, or just barefoot on your patio. And over half off? You might want more than one. Amazon These retro-inspired sneakers blend breathable suede and nylon with cushy support and cool-girl energy. Light gray and coral? Yes, please. Perfect for city strolls, park hangs, or just running errands and looking like you didn't try. Amazon This price has just dropped to its lowest in 30 days! It's easy to pull on and features a flattering square neckline, available in multiple patterns and colors. Amazon Available in a range of sizes, it's designed to flatter with a flowy hem, ruched waist, and comfortable, loose fit. Seven colorful patterns are available, perfect for every day of the week. Amazon The Sam Edelman Women's Simone Sneaker combines everyday comfort with a clean, fashion-forward design that easily dresses up or down. With a cushioned sole and sleek silhouette, it's the kind of sneaker you'll want in every color. Amazon The Levi's Women's Ribcage Full Length Jeans combine retro high-rise appeal with a flattering, vintage-inspired fit that accentuates the waist and elongates the legs. Crafted from premium stretch denim, they balance comfort with a close-to-body silhouette, perfect for pairing with both cropped tops and tailored blouses. Amazon The Petal & Pup Women's Callum Midi Dress is an effortlessly chic piece with a flattering silhouette and breezy movement that's perfect for warm-weather days or sunset dinners. With its subtle details and easy elegance, it's the kind of dress you'll reach for again and again this season. Amazon The Adilove bodysuit for women offers a sleek, sculpted fit with buttery-soft fabric that moves with you. With its seamless design and flattering neckline, it's the perfect base layer for dressing up or keeping it casual. Amazon The GAP Women's Classic Straight Fit Denim Jeans deliver timeless style with a comfortable, mid-rise fit that flatters a variety of body types. Made from soft, durable denim with just the right amount of stretch, they offer all-day ease without losing shape. The straight-leg cut pairs effortlessly with everything from sneakers to ankle boots, making them a go-to for everyday wear. These jeans are a dependable closet staple that never goes out of style. Amazon This sporty-yet-soft tennis skirt features a no-roll high waistband, built-in shorts with functional pockets, and stretchy fabric that offers full coverage and comfort. Amazon These Baleaf biker shorts combine breathable, squat-proof compression fabric, a supportive high waistband, and multiple secure pockets with an 8″ inseam—making them the perfect choice for workouts, errands, and everything in between. These yoga pants offer excellent support and comfort with a high waistband and thick, stretchy fabric. These yoga pants are designed to stay in place during workouts and include convenient pockets for storing essentials, making them perfect for both exercise and everyday wear. Designed with seamless, shaping fabric, these high-waisted short from SPANX offers firm control and comfort, perfect for wearing under dresses or skirts to enhance your figure with confidence. Ideal for everyday wear or special occasions where a sleek look is desired. Amazon The Simple Modern Extra-Large Beach Bag is an affordable alternative to the Bogg Bag, especially at this Prime Day price. Perfect for days at the beach, it's water-resistant and can handle everything from your swimsuit to a six-pack of drinks. The Hanky Panky Women's Original Thongs offer no-joke comfort and style in a classic silhouette. Made from stretch lace with a signature V-front and V-back waistband, these thongs provide a flattering fit and minimal panty lines. Perfect for everyday wear, they combine elegance with practicality for a seamless look under any outfit. This matching loungewear set is made from soft, breathable fabric, featuring an oversized fit that is perfect for casual wear. Ideal for relaxing at home or running errands, these sets combine fashion and functionality. The Crocs Unisex-Adult Stomp Slide Sandal offers lightweight comfort and casual style. Featuring a cushioned footbed and an easy slip-on design, these sandals are perfect for both indoor and outdoor activities, providing all-day support and versatility. The Cozy Earth Ultra-Soft Jogger Pant offers unparalleled comfort with its luxurious, breathable fabric. Designed with a relaxed fit and an elastic waistband, these joggers are perfect for lounging at home or running errands in style. Walmart The Astylish V-neck Roll Up Sleeve Button Down Blouse is a versatile and chic top featuring a flattering V-neckline and roll-up sleeves for a customizable look. Its button-down design and relaxed fit make it suitable for both casual and professional settings, offering a stylish and comfortable option for various occasions. Featuring intricate decorative stitching, these cowgirl boots are crafted from premium full-grain leather for durability and style. The 4LR™ technology provides superior support and cushioning, making them ideal for all-day wear whether you're on the ranch or out on the town. The Bandolino Women's Sabinna Wedge Sandal combines comfort and style effortlessly. With a sleek wedge heel and a cushioned footbed, these sandals offer all-day support and a sophisticated look, making them ideal for both casual outings and dressier occasions. Amazon A durable essential? Don't mind if we do, and you may as well, too. It's on sale and truly goes with everything. Made from lightweight and breathable fabric, this dress features a relaxed fit, sleeveless design, and a flowing maxi length, perfect for beach outings, vacations, or casual gatherings. Amazon This sports bra is longline, wire-free, and padded with medium (removable) support. Designed for comfort and functionality, it features breathable fabric and a snug fit that provides adequate support during workouts without the need for underwire. HUDSON Gemma Mid-Rise Shorts combine style and comfort with their flattering fit and soft denim fabric. These versatile shorts are perfect for everyday wear, featuring a mid-rise waist and a classic five-pocket design. Best Men's Clothing Deals Amazon This high-quality indoor putting green features dual practice holes, a walnut automatic ball return system, and precision alignment guides, offering a realistic, foldable training surface that helps golfers sharpen their short game anytime, anywhere. Amazon Sporty but make it French. This classic Lacoste cap adds quiet luxury to any casual look, complete with the brand's iconic croc logo. Adjustable strap included—bad hair day not. Amazon The GAP Men's Essential Slim Fit Khaki Chino Pants deliver a clean, modern silhouette with a slim cut that sits close to the body while keeping comfort intact. Crafted from a soft yet durable cotton blend, these chinos resist wrinkles and hold their shape through daily wear. Whether paired with a tee for casual outings or a button-down for smarter looks, they offer a versatile style that fits any occasion. Amazon The Under Armour Men's Charged Assert 10 Running Shoes combine lightweight breathability with durable support, perfect for hitting the pavement or the gym. Their responsive Charged Cushioning® midsole cushions every step, while the rubber outsole provides reliable traction on various surfaces. Designed for comfort and performance, these shoes are a solid choice for runners looking to stay energized mile after mile. Joe's Asher Slim Leg Jeans offer a modern, streamlined fit with their slim leg and slightly tapered design. Made from stretch denim, these jeans provide comfort and flexibility, perfect for everyday wear. Brooks Brothers Regular Fit Stretch Lightweight Advantage Chino Pants combine classic style with modern comfort. These chinos are made from a lightweight, stretch fabric that offers ease of movement and a polished look suitable for any occasion. Amazon Refresh your underwear drawer with a set of Calvin Klein boxers. These are spun with premium cotton yarn and spandex to keep you cool and dry, no matter the activity. Amazon People are always running to get their hands on New Balance's cool-enough-for-dad sneakers, and Prime Day is the best time to buy them. The premium midsole cushioning relieves pressure and improves balance — ideal for anyone on their feet all day. Amazon Behold the 501 Originals. With over 60,000 reviews and counting, these jeans are loved by denim purists of all kinds — farmers, fashion icons, movie stars, and even presidents. They are raw, rough, and pretty much as 'regular' as jeans get, sitting comfortably at the thigh with a seamless straight leg. They are the everyman's jeans, and they could be yours for under $50. Amazon Shop the adidas Men's Samba Classic Soccer Shoe, which is one of the brand's more iconic styles. At a good discount, they're a classic worth scoring while you can. Cole Haan's The Go-to Wing Oxford is a sophisticated choice for any formal or business-casual outfit. These classic wingtip oxfords are crafted from premium leather and feature cushioned insoles for all-day comfort. This article was written by Emma Sutton-Williams, New York Post Commerce Writer/Reporter and resident fashionista. Emma is one of the best-dressed ladies in The Post's office, and also known for finding an unbelievable deal on any one of her stylish outfits. Divulging on everything from the most-popular and most-underrated purse brands to her honest thoughts on Kim Kardashian's Skims undergarments and apparel, Emma has cultivated an eye for style and an expertise for identifying the clothes and accessories worth your coin. At the same time, she proudly models the products she picks so you can see their fit and function first-hand. Emma has been creating shopping guides for The Post since 2024, and previously held bylines in Rolling Stone, Oprah Daily, Parents, InStyle, StyleCaster and more.
Economic Times
10-07-2025
- Entertainment
- Economic Times
Sydney Sweeney launches lingerie brand with $1 billion boost from Jeff Bezos-backed firm
Sydney Sweeney, the famous actress, is starting her own lingerie brand. This venture has financial support from Coatue, a firm linked to Jeff Bezos. Her appearance at Bezos's wedding now seems connected to this business deal. Ben Schwerin's role is key, using celebrity contacts for investments. Recent lingerie photos on social media were teasers for the brand. Tired of too many ads? Remove Ads The billion-dollar backing Why Schwerin matters Lingerie teasers were clues Tired of too many ads? Remove Ads Writer's opinion on lingerie market Tired of too many ads? Remove Ads FAQs Sydney Sweeney, actress known from Euphoria, is launching her own lingerie brand. People were surprised to see her at Jeff Bezos and Lauren Sánchez's wedding because she didn't seem connected to them. Now it makes sense — she's involved in business with people linked to Bezos, as per the reports. Sydney's lingerie brand is backed by Ben Schwerin, a partner at Coatue, a private equity firm. Ben Schwerin is the former head of partnerships at Snap (Snapchat) and has many celeb and tech connections, as stated in the report by recently got a $1 billion boost from Jeff Bezos and Michael Dell, through their Coatue Innovation Fund . So, even though Bezos didn't give money to Sydney directly, his fund supports the firm that is funding her, as per the may have been hired by Coatue to use his celebrity contacts to bring in star-driven brands like Sydney's. Coatue usually doesn't invest in consumer products, so this shows how special and unique Sydney's deal is, as per the recently posted lingerie and swimsuit photos with model Amélie Tremblay, which now seem like a teaser for her brand. These posts now make sense as part of her brand marketing strategy to build buzz, according to the report by reporter from Line Sheet has written a book about the lingerie business and thinks there's lots to discuss in the space. But they're waiting to see what kind of lingerie Sweeney is actually making and why before analyzing further, as per the Global shared news that it got $600 million in new funding from its current lenders. CEO Marc Metrick said $300 million came in June, and another bond exchange will finish in August. Because of this, credit agency S&P Global might label Saks as in 'selective default', as stated in the report by Puck.'Selective default' means Saks is choosing which payments to delay and which to pay — not full bankruptcy. Metrick told vendors that this isn't a full default and they plan to start repayments from mid-July, as per the reports.S&P still said the deal is basically like a default, and that Saks is weak financially while competitors are growing. Saks has over $4 billion in real estate assets, but hasn't sold them quickly to cover debts, as per the media like Bloomberg and The New York Times are also saying that Saks is in a tough spot, echoing earlier reports. Puck writer Bill Cohan says Saks is in trouble both in finance and retail, and the CEO may be downplaying it, according to the report Philo's brand is now available at McMullen, a store in San Francisco known for unique fashion. This shows Phoebe is expanding her brand's retail distribution after opening in Galeries Lafayette, Paris, according to the team is in talks with unexpected major U.S. stores to sell her clothes. Right now, the only online store selling Phoebe Philo is her own site: The brand is keeping discounts low and exclusivity high, only offering private sales for select clients, as mentioned in the like Bergdorf Goodman offered some pieces in a private room, not the main floor. The Philo team wants to avoid hurting the brand's value by discounting or spreading too wide too early, as per the Sydney Sweeney is launching a lingerie brand with backing from Coatue, a firm supported by Jeff Bezos and Michael her lingerie brand is linked to people in Bezos's investment circle, explaining her presence.
Time of India
10-07-2025
- Business
- Time of India
Sydney Sweeney launches lingerie brand with $1 billion boost from Jeff Bezos-backed firm
Sydney Sweeney, actress known from Euphoria, is launching her own lingerie brand. People were surprised to see her at Jeff Bezos and Lauren Sánchez's wedding because she didn't seem connected to them. Now it makes sense — she's involved in business with people linked to Bezos, as per the reports. The billion-dollar backing Sydney's lingerie brand is backed by Ben Schwerin, a partner at Coatue, a private equity firm. Ben Schwerin is the former head of partnerships at Snap (Snapchat) and has many celeb and tech connections, as stated in the report by Puck. Coatue recently got a $1 billion boost from Jeff Bezos and Michael Dell, through their Coatue Innovation Fund . So, even though Bezos didn't give money to Sydney directly, his fund supports the firm that is funding her, as per the reports. Why Schwerin matters Schwerin may have been hired by Coatue to use his celebrity contacts to bring in star-driven brands like Sydney's. Coatue usually doesn't invest in consumer products, so this shows how special and unique Sydney's deal is, as per the reports. Lingerie teasers were clues Sydney recently posted lingerie and swimsuit photos with model Amélie Tremblay, which now seem like a teaser for her brand. These posts now make sense as part of her brand marketing strategy to build buzz, according to the report by Puck. Live Events ALSO READ: Trump's birthright citizenship ban halted by court: What it means for immigrant families Writer's opinion on lingerie market The reporter from Line Sheet has written a book about the lingerie business and thinks there's lots to discuss in the space. But they're waiting to see what kind of lingerie Sweeney is actually making and why before analyzing further, as per the reports. Saks Global shared news that it got $600 million in new funding from its current lenders. CEO Marc Metrick said $300 million came in June, and another bond exchange will finish in August. Because of this, credit agency S&P Global might label Saks as in 'selective default', as stated in the report by Puck. 'Selective default' means Saks is choosing which payments to delay and which to pay — not full bankruptcy. Metrick told vendors that this isn't a full default and they plan to start repayments from mid-July, as per the reports. S&P still said the deal is basically like a default, and that Saks is weak financially while competitors are growing. Saks has over $4 billion in real estate assets, but hasn't sold them quickly to cover debts, as per the reports. ALSO READ: Trump says Brennan and Comey may 'Pay a Price' as FBI investigates false statements in Russia probe Other media like Bloomberg and The New York Times are also saying that Saks is in a tough spot, echoing earlier reports. Puck writer Bill Cohan says Saks is in trouble both in finance and retail, and the CEO may be downplaying it, according to the report Puck. Phoebe Philo's brand is now available at McMullen, a store in San Francisco known for unique fashion. This shows Phoebe is expanding her brand's retail distribution after opening in Galeries Lafayette, Paris, according to the reports. Her team is in talks with unexpected major U.S. stores to sell her clothes. Right now, the only online store selling Phoebe Philo is her own site: The brand is keeping discounts low and exclusivity high, only offering private sales for select clients, as mentioned in the report. Stores like Bergdorf Goodman offered some pieces in a private room, not the main floor. The Philo team wants to avoid hurting the brand's value by discounting or spreading too wide too early, as per the reports. FAQs Q1. Is Sydney Sweeney starting a lingerie brand? Yes, Sydney Sweeney is launching a lingerie brand with backing from Coatue, a firm supported by Jeff Bezos and Michael Dell. Q2. Was Sydney Sweeney at Jeff Bezos's wedding for business reasons? Yes, her lingerie brand is linked to people in Bezos's investment circle, explaining her presence.
