Mines are closing, and middlemen are being squeezed. But don’t expect bargains at the jewelry counter. Source: NYT > Business – Elizabeth Paton
Barneys, a Beacon of Luxury
A retailer synonymous with cutting-edge fashion, Barneys New York built its reputation by luring shoppers with unconventional methods. Source: NYT > Business – Gregory Schmidt
Dean & DeLuca Sinks Further Into Debt
The chain has closed additional stores in the United States as it expands abroad, and told former employees that they will not be paid. Source: NYT > Business – Julia Moskin
How ‘Developer’ Became Such a Dirty Word
A demonized group, yet there are few solutions for the housing shortage that don’t at least partly involve more development. Source: NYT > Business – Emily Badger
Want to Own a Warhol? Now, You Can Buy a Piece of One
Several technology companies are packaging rare cars, paintings and other luxury items as investments, allowing any collector to buy shares in them. Source: NYT > Business – Paul Sullivan
An #Instaworthy Deal: Reformation, the Fashion Brand, Sells a Majority Stake
Permira’s acquisition of the eco-friendly label underscores a recent shift by private equity firms from high-end to contemporary fashion. Source: NYT > Business – Elizabeth Paton