Last updated: 2026-01-15 13:54:36 ET
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.
Just more than a year after the new luxury behemoth was formed, it announced it had filed for chapter 11 bankruptcyEvery year, the stores down Manhat...
Saks Fifth Avenue parent company files for bankruptcy as it struggles to pay off huge debts
The posh department-store group has itself to blame
Saks owes hundreds of millions to luxury brands from Chanel to Burberry
Alphabet is now worth $4 trillion, gold eyes new high, Saks Fifth Avenue parent files for bankruptcy
Debt-riddled retail giant’s demise has cast uncertainty over the future of US luxury fashionBeleaguered high-end department store conglomerate Saks ...
Luxury retailer Saks Global has filed for bankruptcy, preparing to reposition itself after obtaining about $1.75 billion in financing commitments
Saks Global, which also owns Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection after running out of cash.
The Chapter 11 filing announced on Wednesday for the iconic, century-plus-old retailer — which oversees Saks Fifth Avenue, Neiman Marcus, Bergdorf G...
