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business10h ago

Luxury retail giant Saks files for bankruptcy

https://www.businessinsider.com/saks-files-bankruptcy-neiman-marcus-bergdorf-goodman-2026-1https://www.cnbc.com/2026/01/14/saks-global-files-for-bankruptcy-protection.htmlhttps://www.cnn.com/2026/01/14/business/saks-global-files-for-bankruptcy-retail-hnk
Businessinsider.com and 9 more
Luxury retail giant Saks files for bankruptcy Open in Businessinsider.com
Highlights
  • Saks Global filed for Chapter 11 bankruptcy protection, listing Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman among its brands as it restructures debt amid a tough luxury retail backdrop.
  • Geoffroy van Raemdonck, former Neiman Marcus chief, will immediately take the helm as CEO during the Chapter 11 proceedings.
  • The 2024 $2.7 billion Neiman Marcus deal, backed by Amazon and Salesforce, left Saks burdened by high interest payments and vendor concerns.

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References

Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection

https://www.cnbc.com/2026/01/14/saks-global-files-for-bankruptcy-protection.htmlCnbc.com
Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection

Saks Global files for bankruptcy protection amid luxury market strains | CNN Business

https://www.cnn.com/2026/01/14/business/saks-global-files-for-bankruptcy-retail-hnkCnn.com
Saks Global files for bankruptcy protection amid luxury market strains | CNN Business

Saks Global files for bankruptcy after takeover leads to financial collapse

https://www.theguardian.com/business/2026/jan/14/saks-global-files-for-bankruptcyTheguardian.com
Saks Global files for bankruptcy after takeover leads to financial collapse

Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse

https://nypost.com/2026/01/14/business/saks-fifth-avenue-files-for-bankruptcy-after-neiman-marcus-takeover-leads-to-financial-collapse/Nypost.com
Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse

Saks Global files for bankruptcy

https://www.nbcnews.com/business/business-news/saks-global-files-bankruptcy-luxury-retail-rcna253951Nbcnews.com
Saks Global files for bankruptcy

Saks Global Declares Bankruptcy

https://www.vogue.com/article/saks-global-declares-bankruptcyVogue.com
Saks Global Declares Bankruptcy

Luxury Retail Giant Behind Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman Files for Bankruptcy

https://people.com/saks-global-files-for-bankruptcy-11885099People.com
Luxury Retail Giant Behind Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman Files for Bankruptcy

Luxury retailer Saks Global files for bankruptcy as it prepares to restructure

https://abcnews.go.com/Business/wireStory/luxury-retailer-saks-global-files-bankruptcy-prepares-restructure-129193510Abcnews.go.com
Luxury retailer Saks Global files for bankruptcy as it prepares to restructure

Saks collapses as fears of store closures mount

https://www.dailymail.co.uk/yourmoney/article-15463265/saks-global-bankruptcy-neiman-marcus.htmlDailymail.co.uk
Saks collapses as fears of store closures mount

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