Marc Davies on Muck Rack

Marc Davies

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New York
As seen in: Bloomberg News, Bloomberg Originals, MSN, Bloomberg Green Daily, The Economic Times, Yahoo Finance, Yahoo Finance Canada, Al Jazeera English, Sydney Morning Herald, The Toronto Star, Chron, Flipboard and
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Articles

Wealthier Americans are cutting back-to-school spending by 20%

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By Marc Davies Verified
| MSN Verified
(Bloomberg) -- Higher-income US parents plan to reduce their back-to-school spending, while less-wealthy families are trading down to cheaper products — the latest evidence of heightened consumer caution in a period of rising prices . Parents with annual earnings of more than $100,000 expect to spend less on school-related shopping this year, according to a Deloitte survey of families in late May.
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Estee Lauder Boosts Cost of Restructuring Moves to $1.75 Billion

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By Marc Davies Verified
| MSN Verified
(Bloomberg) -- Estee Lauder Cos. sees its restructuring efforts adding up to as much as $1.75 billion in cumulative charges as the cosmetics conglomerate looks to improve efficiency and bolster results. The total is an increase from a previous projection of about $1.55 billion in charges, according to a filing on Tuesday. The charges are related to job cuts and workforce reductions in addition to asset-related costs, contract terminations and other expenses.
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Saks conclui processo de Chapter 11 e é rebatizada como Exemplar Luxury Group

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By Marc Davies Verified
| Bloomberg Línea Verified
Bloomberg — A varejista de luxo Saks anunciou que concluiu seu processo de Chapter 11 (equivalente à recuperação judicial no Brasil) e revelou uma nova identidade corporativa nesta sexta-feira (26). Rebatizada como Exemplar Luxury Group, a empresa afirmou em comunicado que reduziu sua dívida em quase 75% com a reestruturação e que agora concentrará esforços em gerar crescimento lucrativo e de longo prazo.
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