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News briefs

Saks, Bentley, NetJets and Christie’s

March 8, 2021

Saks is now valued at $2 billion. Image credit: Saks

 

By Luxury Daily News Service

Luxury Daily’s live news for March 5:

HBC splits Saks ecommerce, stores into separate businesses
Hudson’s Bay Company is spinning off the ecommerce site for U.S. department store chain Saks Fifth Avenue into its own separate entity as luxury ecommerce continues to grow.

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  1. Sentient Jet announces support for 151st Kentucky Derby
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  4. Luxury Unfiltered: Trade wars, recession risks and uncertainties mean brands must conduct brutally honest audits now
  5. Hermès drives interest via monthly Petit h mystery boxes
  6. Depreciation marring strength of lab-grown diamond market: NDC
  7. Rue La La makes private sale shopping accessible on Android devices
  8. Gucci highlights brand heritage through film restorations
  9. Luxury marketers drive 79pc ad increase in WSJ Magazine
  10. BMW models top luxury auto shopper poll, Tesla slides
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