Macro
Saks officially emerges from Chapter 11 bankruptcy with less debt and a new name
Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy Friday with fewer store…
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Saks
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Latest on Saks
Newest firstConsumer
Saks emerges from bankruptcy with new name and focus on luxe retail
The company will operate under the name Exemplar Luxury Group.
Consumer
Saks Emerges From Bankruptcy With a New Plan and Corporate Name
The retailer, renamed Exemplar Luxury Group, is ditching anything that isn't focused on high-end department store shopping.
Consumer
6 major retail bankruptcy cases of 2026, from Saks to Eddie Bauer
6 major retail bankruptcy cases of 2026, from Saks to Eddie Bauer
Consumer
Bankrupt luxury retailer Saks plans to ditch its corporate jet
Bankrupt luxury retailer Saks plans to ditch its corporate jet
Saks Global set to exit bankruptcy this summer, securing $500M in financing
The agreement with bondholders is an "important milestone," Saks Global chief executive Geoffroy van Raemdonck said.
Geopolitics
Saks CEO faces 'conflict of interest' complaint over his Moncler board seat
"If the [Moncler] quilted fleece down bomber jacket is selling faster than expected, will Saks Global be favored to receive the next shipment due to his positi…
Consumer
Saks Global slashes 1,200 jobs after luxury retail giant files for bankruptcy
Saks Global -- owner of luxury stores including Saks Fifth Avenue and Neiman Marcus -- is cutting over 1,200 jobs as it shutters more than a dozen locations na…
Consumer
Inside the rocky, on-and-off merger talks between Saks and Amazon - before and after the luxury giant's bankruptcy: 'Basically dumped'
Amazon has been signaling that it wants a piece of the Saks empire -- including possibly buying it outright -- even as its prospects to break into the luxury m…
Consumer
Saks Fifth Avenue and Neiman Marcus closing several stores across SoCal
Southern California's luxury shopping landscape is shrinking as three high-end department store locations prepare to shut their doors.
Consumer
Saks Fifth Avenue parent closing 15 more stores in bankruptcy - here are the locations
Saks Global filed for bankruptcy earlier this year as it moved to cut losses and focus on more profitable, higher-end locations.
Consumer
Saks Global to shutter 15 more department stores in bankruptcy restructuring
The parent company of Saks Fifth Avenue and Neiman Marcus is closing more of its department stores as it focuses on its most profitable businesses and trims de…
Consumer
After Saks Bankruptcy, Richard Baker Says He Saved Luxury Department Stores
Richard Baker wanted to create a retail empire when he combined Saks Fifth Avenue and Neiman Marcus. About a year later, it filed for bankruptcy.
Consumer
Saks and Neiman low on luxury goods as fashion labels fret over court battle with Amazon
Amazon, whose mammoth claim stems from a flopped e-commerce partnership with Saks, has vowed to use all "available legal remedies" to fight for its money, acco…
Bergdorf Goodman workers claim majority of cash missing from paychecks as parent company Saks Global files for bankruptcy: 'Unacceptable'
Saks Global filed for Chapter 11 bankruptcy protection Jan. 13 - nearly two weeks after the workers' cash conundrum began.
Consumer
Saks begins closing more stores as part of bankruptcy - here are the locations
Saks Global said the stores earmarked for closing represent a small part of its business and were not profitable.
Consumer
Saks Global to close 8 Saks Fifth Avenue stores
Eight Saks Fifth Avenue stores and a Neiman Marcus store in Boston will close as their parent company focuses on its most profitable businesses and pares down…
Consumer
Saks to shutter most Saks Off 5th stores as bankrupt retailer cuts costs
Saks, which declared bankruptcy on Jan. 14, is set to hold going-out-of-business sales as it closes dozens of retail outlets.
Consumer
Saks Global to close most Saks Off 5th stores as it restructures during bankruptcy
The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations as it restructures its organization to focus on its ico…
Consumer
Dozens of Saks Off 5th stores to close as Saks maneuvers bankruptcy
The news comes just two weeks after the parent company filed for bankruptcy. Only 12 off-price stores will remain open.
Consumer
Saks Off 5th to close most stores following bankruptcy - as liquidation sales start Saturday
Saks Off 5th is closing the vast majority of its stores -- or 57 locations -- in the coming weeks, the company said.
Saks is closing dozens of Off 5th and Last Call locations. Here's the full list.
Saks is closing dozens of Off 5th and Last Call locations. Here's the full list.
Consumer
Saks' bankruptcy filing creates uncertainty for iconic stores, suppliers and shoppers
An appeal for bankruptcy protection filing of the operator of Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus has left the luxury department stores' supp…
Consumer
What the Bankruptcy of Saks Means for You
Answers to this and other questions about the financial crisis in America's biggest luxury department store.
Consumer
Amazon launches legal battle against bankrupt Saks Global over 'wasted' investment
"The battle royale between Saks and Amazon has only begun," said bankruptcy attorney David Wander.
Consumer
Amazon threatens 'drastic action' after Saks bankruptcy, says $475M stake is now worthless
Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors.
How Saks's acquisition of Neiman Marcus plunged the company into bankruptcy: 'Recipe for disaster'
Saks used $2.2 billion in junk bonds to buy Neiman Marcus, but didn't have enough money left over to pay vendors, which led the company to declare bankruptcy.
Consumer
'The consumers are still out there': why a bankruptcy for Saks Global may not spell the end
Just more than a year after the new luxury behemoth was formed, it announced it had filed for chapter 11 bankruptcy. Every year, the stores down Manhattan's Fi…
Saks Fifth Avenue parent company files for bankruptcy as it struggles to pay off huge debts
Saks Fifth Avenue parent company files for bankruptcy as it struggles to pay off huge debts
How Saks Fifth Avenue's owner went bust
The posh department-store group has itself to blame
