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Report: Starwood Capital joins bidding for Saks
New York -- Starwood Capital Group LLC, the investment firm headed by real estate developer Barry Sternlicht, has joined the bidding for Saks Inc., according to a report by the New York Post. Starwood Capital invests in retail, office and residential real estate.
The bid by Starwood is worth about $2.5 billion, or $17-$18 per share, according to the report. The amount is roughly equal to a previously existing bid from Canadian retail conglomerate Hudson’s Bay, which also owns the Lord & Taylor department store chain.
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Skullcandy pumps up its executive sales team
PARK CITY, Utah — Audio brand Skullcandy has promoted Denny Bruce to head of domestic sales, reporting to the company's CEO, Hoby Darling.
In this role, Bruce will be responsible for overseeing all Skullcandy brand distribution in the U.S. as well as building out a domestic brand and sales strategy for the company's 2XL and Gaming products.