Saks Global - Febspot

Saks Global

A collection of 9 posts

Saks Global bankruptcy revives questions about the future of department stores — Static01.nyt.com

Saks Global bankruptcy revives questions about the future of department stores

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 files for bankruptcy amid century-long shifts in department stores — I.insider.com

Saks Global files for bankruptcy amid century-long shifts in department stores

Businessinsider reports Saks Global, the parent company of Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, filed for bankruptcy on Tuesday. Department stores have changed dramatically over the last 100 years. In the early 1900s they sold necessities such as food, home goods, and apparel; today many also sell novelty

Saks Global files for chapter 11 after Neiman Marcus deal — I.guim.co.uk

Saks Global files for chapter 11 after Neiman Marcus deal

Saks Global has filed for chapter 11 bankruptcy, the company announced on Wednesday. The group was formed after a deal that combined Saks Fifth Avenue with Neiman Marcus and Bergdorf Goodman under a single holding company. The filing follows a costly acquisition: Saks announced a $2.7bn deal to buy

Saks flagship nearly empty hours before parent filed for bankruptcy — I.insider.com

Saks flagship nearly empty hours before parent filed for bankruptcy

Businessinsider reports that late on Tuesday night Saks Global — the parent company of Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus — filed for bankruptcy, and a reporter who visited the Saks flagship earlier that day found nearly empty floors, bored sales associates, blacked-out window displays, and steep discounts. The filing

Saks Global files Chapter 11, secures $1.75 billion to keep operating — People.com

Saks Global files Chapter 11, secures $1.75 billion to keep operating

People reports Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, filed for Chapter 11 bankruptcy late Tuesday in U.S. Bankruptcy Court for the Southern District of Texas after struggling under a heavy debt load following its 2024 acquisition of Neiman Marcus. Former Neiman

Saks Global files for bankruptcy amid heavy debt and vendor strains — Static01.nyt.com

Saks Global files for bankruptcy amid heavy debt and vendor strains

Saks Global, the owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection late Tuesday, saying it had been overwhelmed by billions of dollars in debt, fraying relationships with vendors and lagging sales. The company said it had secured roughly $1.75 billion to help finance

Saks Global files for Chapter 11, putting stores and vendors at risk — Static01.nyt.com

Saks Global files for Chapter 11, putting stores and vendors at risk

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

Saks Global CEO Marc Metrick steps down after missed loan payment — Static01.nyt.com

Saks Global CEO Marc Metrick steps down after missed loan payment

Saks Global said on Friday that its chief executive, Marc Metrick, had stepped down after the luxury retailer missed a loan payment and as it weighed filing for bankruptcy protection. Richard Baker, the company’s executive chairman, has assumed the role of chief executive, according to a company statement. Mr.

Saks Global Chief Steps Down After Missed Loan Payment and Mounting Debt — Static01.nyt.com

Saks Global Chief Steps Down After Missed Loan Payment and Mounting Debt

Marc Metrick has stepped down as chief executive of Saks Global, the company said, after the luxury retailer missed an interest payment and is weighing bankruptcy protection. Richard Baker, the executive chairman who created Saks Global through the 2024 acquisition of Neiman Marcus and Bergdorf Goodman, has assumed the chief