Saks Global, the operator of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, entered Chapter 11 bankruptcy, a development that the New York Times said has revived debate about whether department stores can regain their former appeal (report dated Jan. 29, 2026). The Times piece traces the cultural power of

Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for Chapter 11 bankruptcy protection, the company said. The filing begins a reorganization under new owners rather than a liquidation. Company insiders and analysts say the group’s large debt load, including debt taken