Retail

Neiman Marcus creditor calls for deal with Saks Fifth Avenue

Hedge fund Mudrick Capital Management LP asked Neiman Marcus Group's independent directors on Tuesday to explore a combination with rival department store chain Saks Fifth Avenue, challenging the company's plan to reorganize under bankruptcy protection.

What is price gouging?

Price gouging is the act of inflating the price of a product in response to high demand.

Who started Potbelly?

Potbelly first started out as a small antique store in 1977 on Lincoln Avenue, a neighborhood within the Windy City.

Who started Ruth's Chris Steak House?

Ruth Fertel, then a divorced mother of two, mortgaged her home for tens of thousands of dollars in order to buy a restaurant in New Orleans called Chris Steak House. It marked the very beginning of a franchise that bills itself a global steakhouse leader.