The discount retailer sold the banner to private equity firms more than a decade after acquiring it for about $8.5 billion.
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Design Group Americas, whose portfolio includes sewing pattern brands like McCall’s, Simplicity, Butterick and Vogue, was sold off in May for $1.
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John Antonini leaves after more than 25 years at Saks Fifth Avenue and just a few months into a newly created position centered on store growth.
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In this Trendline, explore how tariffs and economic uncertainty have recently impacted the trajectory of small businesses.
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The company is changing its distribution strategy from an owned model to a mix of owned and third-party operated centers.
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Wild swings in margin estimates under RIM calculations led Walmart executives to pull their profit guidance in May.
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