financing

Exclusive | Saks owner races to raise $1B in financing as CEO steps down, possible bankruptcy looms: sources

by
Exclusive | Saks owner races to raise B in financing as CEO steps down, possible bankruptcy looms: sources

The owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman is in a race to land more than $1 billion in rescue financing from new and existing investors – even as the company announced its CEO is stepping down, The Post has learned.  The luxury giant needs a cash infusion to pay off a … Read more

BBC star Oghenochuko Ojiri pleads guilty to financing suspected Hezbollah financier

by
BBC star Oghenochuko Ojiri pleads guilty to financing suspected Hezbollah financier

Oghenochuko Ojiri, who regularly appeared as an art expert on the popular BBC series “Bargain Hunt,” pleaded guilty to helping finance the Lebanese militant group Hezbollah. Ojiri made the stunning admission on Friday during a hearing at Westminster Magistrates’ Court in London, according to BBC News. He pleaded guilty to eight counts of failing to … Read more