Rumors

Someone Might Buy Saks!

An article in the U.K.’s Daily Mail says, citing “rumours,” that a group of private equity firms are aiming to buy Saks Incorporated. The Mail pegs the purchase price, which it says could be made public soon, at $1.7 billion, or $11 a share.

The purveyor of Gucci handbags and other fashionable wears has lately seen its prospects Read More

Trade Secrets! ‘Wealthy Family’ Buys Devonshire Retail Space

The retail space on the ground floor of the Devonshire House, a prewar Greenwich Village beauty at 28 East 10th Street, has changed hands for $10.35 million. The buyer, according to broker Eric Anton, is “a very wealthy family here in New York.”

Eastern Consolidated represented the seller and, according to a release, “procured” the buyer, Read More