Saks Global’s Chapter 11 bankruptcy filings have revealed the US luxury retailer’s biggest creditors, which includes some of ...
The much-touted corporate marriage between Saks and Neiman Marcus was supposed to show how two iconic names in luxury retail ...
The Chapter 11 filing announced on Wednesday for the iconic, century-plus-old retailer — which oversees Saks Fifth Avenue, ...
Saks Global, which owns Saks Fifth Avenue and Neiman Marcus, has filed for Chapter 11 bankruptcy in the Southern District of ...
A downturn in the luxury retail industry at the beginning of 2025 has continued and affected major retailers this week.
Adam Lippes hasn’t shipped an order to Saks Global since mid-December. On Wednesday morning, hours after the company filed ...
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Saks Fifth Avenue owner’s collapse signals a reckoning for US department store chains — who’s still holding on?
Saks also named Geoffroy van Raemdonck as its new CEO, effective immediately following the bankruptcy. ・The company’s ...
Putting Saks and Neiman Marcus together was supposed to create a luxury powerhouse. Just over a year later, unpaid debts ...
The move comes after Saks Global struggled with debt it took on to buy rival Neiman Marcus, lagging department store sales ...
The move comes 13 months after Saks paid $2.7 billion to acquire its competitor. Since then, the chain has struggled with a ...
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