Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
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Luxury retailer Barneys New York just got a lifeline. The retailer has extended the term of its credit line by $50 million, giving it money for growth, as well as needed liquidity to weather industry challenges and a rent hike at its famed New York flagship, people familiar with the talks told CNBC. Rent at…
Real estate startup WeWork Cos. has struck a deal to acquire Lord & Taylor’s flagship New York City store for $850 million, a move that will convert the landmark building into the startup’s headquarters next year. The transaction, part of an effort by Lord & Taylor’s parent Hudson’s Bay Co. HBC +2.04% to reduce its debt, is the most dramatic…