For JHSF, a mall isn’t just a mall, a restaurant isn’t just a restaurant. They’re part of a holistic approach to luxury that the São Paolo-based conglomerate uses to cater to the affluent lifestyle. Shopping centers, hotels and restaurants, upscale condos and houses, office towers, surf clubs, an asset management firm — even an exclusive…
Interest rates have moved higher among massive economic uncertainty, widespread tariff fears and … More projected massive new deficits. getty Interest rates matter for all of those who want to borrow to invest or pay bills or refinance their existing debt. Yet, long-term interest rates have stayed high, even as economic activity has slowed. Higher…
Standard & Poor’s has Saks Global under the credit microscope. The debt watchdog put the luxury retailer’s “CCC-plus” rating on creditwatch negative due to the company’s “less-than-adequate liquidity” as well as “the uncertainty of how the company will remedy its current liquidity position.” S&P said the company’s finances will “likely lead to additional challenges in…
When Lauren M. and her now-husband decided to get married, they threw traditional rules out the window, including societal standards around who should buy her wedding ring. At the time, Lauren, a 31-year-old writer and editor, was making about $90,000 a year, while her partner pulled in $12,600 annually. That salary discrepancy led her to…
In Exit Interview, Marie Claire has a candid conversation with someone who has left their job. We learn all about their experience—both the good and the bad—plus why they decided to leave and what life looks like on the other side. Here, we talk to ex-Nike employees Vida Delrahim and Ronit Menashe, who forged a…
Couple learning about retirement investment strategies getty When it comes to retirement planning, most people know they need to save, but few understand how certain retirement investment strategies can impact the amount of income they’ll actually have. In this article, we’ll explore four different retirement investment strategies and how each affects your ability to replace…
Marc Metrick, chief executive officer of Saks Global, spent much of the year calming vendors, easing them into a new payment schedule and reassuring them that the combination of Saks Fifth Avenue and Neiman Marcus Group would be better for the industry overall. On Monday, he moved on to bondholders, who have been getting antsy…
If you’re in your 50s and thinking about your financial future, you’re not alone—and you’re not too late. Whether you’re just getting started or looking to maximize your efforts, it’s still absolutely possible to build wealth after 50. With a clear plan and a little intention, this decade can be a powerful time to grow…
