Business
Saks Global’s Expensive Journey Through Bankruptcy
While Saks Global slunk toward bankruptcy in January — and hoped against hope that court might be avoided — some eagle-eyed observers…
Tag
bankruptcy
Business
Smokey Bones and Johnny Rockets restaurant closures: See list of doomed locations after FAT Brands bankruptcy
Another day, another announcement of restaurant closures in the casual-dining space. Earlier this week, FAT Brands filed for Chapter 11…
Lifestyle
Where Are Saks Global’s Beauty Shoppers – and Brands – Going?
The race for the luxury beauty shopper — in New York, and throughout the U.S. — is on. With Saks Global’s Chapter 11 filings encompassing…
Business
EXCLUSIVE: Pat McGrath Labs Files for Chapter 11 Bankruptcy, Auction Canceled
Pat McGrath Labs is filing for Chapter 11 bankruptcy, WWD has learned. “During this process, the company will continue operations in the…
Business
Roomba maker’s sale to Chinese manufacturer approved by US bankruptcy judge
Amazon.com tried to buy iRobot for US$1.4 billion in 2023 but the deal fell through The company filed for bankruptcy in December after…
Business
Saks Global’s Complex Road Ahead Through Bankruptcy Court
The hardest part might be over for Saks Global — but the work of rebuilding has just begun. When the luxury department store group filed…
Business
Saks Chapter 11: How It Plays Out for Vendors
Saks Global vendors looking to get their money back on unpaid invoices shouldn’t get their hopes up. They might recover a small percent of…
Business
Saks Global Unlocks $500M in Bankruptcy Funding
Saks Global has some dough again — and just in time. The retailer, which filed for bankruptcy late Tuesday and was relying on the good…
Business
The $700M in Market Share ‘Up for Grabs’ in the Saks Global Bankruptcy
Most of the talk around Saks Global’s bankruptcy has centered on the heartache, broken promises and lost money that fashion’s endured —…
Business
The Bricks-and-mortar Ruling the Saks Global Bankruptcy
There was a lot of talk about the death of the department store as Saks Global limped along last year and then finally collapsed into…
Business
Inside Saks Global’s Bankruptcy Filing: Christian Louboutin Is Owed $21.6 Million, Jimmy Choo Parent Capri’s Tally Is $33.3 Million
The world’s biggest footwear players are among the largest unsecured creditors in Saks Global’s Chapter 11 bankruptcy. After weeks of…
Business
Luxury retailer Saks Global files bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround Saks Global Enterprises…
Business
Saks Global Files for Chapter 11 Bankruptcy
Saks Global’s high-wire financial act is finally over. The company, which just over a year ago bought Neiman Marcus Group for $2.7…
Business
Saks Global’s Race Into Bankruptcy Reaches Final Stages as Former Neiman’s CEO Seen Playing Key Role
Saks Global’s race to the courthouse has come down to the wire. The fashion industry has been on pins and needles waiting for the parent…
Business
A Challenged Luxury Shoe Business Is Bracing for Major Impact Ahead of Probable Saks Global Bankruptcy
A Saks Global bankruptcy would have a significant impact on independent luxury shoe designers and fashion houses that derive a large…
Business
Dramatic Downsizing of the Saks Global Store Fleet Seen in a Bankruptcy
A Saks Global bankruptcy filing is expected by early-to-mid next week, with the struggling luxury retailer submitting a reorganization…
Lifestyle
Fashion Brand Favored by Kate Middleton Is Likely the First Collapse in 2026
High street fashion chain LK Bennett on Tuesday petitioned a U.K. court for the appointment of an administrator. A favorite of Kate…
Business
Sandal Firm That Cites Jacqueline Kennedy Its Muse Files for Chapter 11 Bankruptcy Protection
The Palm Beach Sandal Company filed for Chapter 11 bankruptcy court protection this week. Citing former first lady Jacqueline Kennedy as…
Lifestyle
David Feld, Today’s Man Founder, Dies
Services were held Tuesday for David Feld, 78, founder of Today’s Man, a popular men’s specialty store chain in the 1980s and ‘90s, who…
Business
Saks mulls bankruptcy year after raising billions for turnaround
SAKS Global Enterprises, facing limited options ahead of a more than US$100 million debt payment due at the end of this month, is…
Business
What happens to Roombas now that the company has declared bankruptcy?
Roomba maker IRobot filed for bankruptcy and will go private after being acquired by its Chinese supplier Picea Robotics. Founded 35 years…
Business
iRobot stock price collapses as Roomba maker files for Chapter 11 bankruptcy: Here’s what happens next
Shares of iRobot Corporation (Nasdaq: IRBT), maker of the Roomba autonomous vacuum cleaner, are crashing today after the company announced…
Business
Roomba vacuum cleaner firm iRobot files for bankruptcy
The US firm behind the Roomba smart vacuum cleaner, iRobot, has filed for bankruptcy protection after facing competition from Chinese…
Business
Robot vacuum Roomba maker files for bankruptcy after 35 years
Under the restructuring, vacuum cleaner maker Shenzhen Picea will receive the entire equity stake in the reorganised company iRobot filed…