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…
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Saks
Business
Simon Reports Strong Q4, Cites Tariff Concerns, Upsides From Saks Global Woes
The Saks Global bankruptcy means disruption across the retail landscape, but from the Simon Property Group‘s point of view, there’s also…
Business
Saks Global Unsecured Creditors Committee Comes Together
Through Saks Global’s year of turmoil, many vendors struggled to be heard — especially smaller designers trying to hold on to a must-have…
Business
Saks Off 5th and Last Call stores are closing soon: See the full list of doomed locations across 18 states
Saks Global, owner of luxury retail chains Saks 5th Avenue and Neiman Marcus, has announced the closure of most of its discount outlet…
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
Team Play: Who’s Doing What at Saks Global
Things are moving fast at the bankrupt Saks Global. The senior management team has been set. They’re stepping up communications with…
Fashion
Fashion Expert Roopal Patel Departs From Saks Global
Roopal Patel, senior vice president of the fashion office for Saks Global, has left the company, WWD has learned. Patel, a veteran of…
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
Amazon Seeks to Delay Saks Global’s DIP Financing
Count Amazon as one more party that is feeling ripped off by Saks Global and its march into bankruptcy. The web giant, which has been…
Business
Can Saks Global Be Fixed?
Geoffroy van Raemdonck and team are on a rescue mission. And they’re going to have to move fast and step right if they want to succeed in…
Business
U.S. Vendors Express Relief and Optimism as Saks Global Restructures Under New Leadership
Vendors let out a sigh of relief Wednesday following the long-awaited bankruptcy of Saks Global, and were glad that there’s finally a…
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
'Out of stock': What went wrong at luxury retailer Saks?
Danielle KayeBusiness reporter On a recent January morning, tourists admired the rows of Balenciaga and Burberry handbags on display at…
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…
Business
Amazon Won’t Bail Saks Global Out Anytime Soon: Source
Saks Global’s potential path into the future might be narrowing. While industry dealmakers said earlier this week that the retailer was in…
Business
Hilldun’s Gary Wassner Tells His Clients: Do Not Ship Saks Global
Gary Wassner, the chief executive officer of Hilldun Corp., the factoring and finance company, wrote to his clients Tuesday afternoon that…