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Latest reporting and analysis tagged with bankruptcy.
Saks Global, parent of Saks Fifth Avenue, filed for Chapter 11 bankruptcy on Wednesday, securing $1.75 billion in financing and appointing a new CEO. The company faces vendor disputes and sparse shelves after its debt-fueled Neiman Marcus merger.
Saks Global, owner of Saks Fifth Avenue and Neiman Marcus, filed for Chapter 11 bankruptcy, citing debt from its 2024 acquisition and rising competition. The company secured $1.75 billion in financing and says stores will stay open.
A judge approved short-term financing for Saks Global Enterprises' Chapter 11, rejecting Amazon's initial challenge. Saks won access to $400 million after a lengthy court hearing.
Saks Global, a luxury department store conglomerate, filed for bankruptcy protection in January 2026, marking one of the largest retail collapses since the COVID-19 pandemic.
Saks Global has filed for Chapter 11 bankruptcy in Texas, securing $1.75 billion in capital. The company plans to maintain operations and appointed Geoffroy van Raemdonck as CEO.
STG Logistics has filed for Chapter 11 bankruptcy in New Jersey, aiming to cut nearly $1 billion in debt. The company secured a restructuring agreement and new financing, with operations continuing as usual.
Saks Global filed for Chapter 11 bankruptcy late Tuesday, listing assets and liabilities between $1-10 billion. The filing details debt, creditors including luxury brands, new financing, leadership changes, and employee compensation.