SUBSCRIBERS
Saks puts hopes on US$250m, three-year restoration of Fifth Avenue flagship store
Published Sun, Nov 15, 2015 · 09:50 PM
New York
MARC Metrick stepped off a freight elevator at Saks Fifth Avenue one recent afternoon and navigated his way past mangled wires and bare concrete beams, his Prada lace-ups crunching on broken glass.
"The staircase is going to come up here," he said, on the gutted fourth floor. Turning toward a jumble of boxes, he added: "And here's our fur business."
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Starbucks points to weaker consumer as profit falls
Restaurant Brands tops estimates as Burger King overhaul pays off
Walmart to shut all health centers in US over lack of profitability
Coca-Cola raises annual sales forecast on global demand, higher prices
Dying salmon trouble Norway’s vast fish-farm industry
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too