luxury goods

Latest reporting and analysis tagged with luxury goods.

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23 hours ago

Saks Global Files for Bankruptcy Amid Luxury Sector Struggles

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.

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2 days ago

Saks Global Files for Bankruptcy Protection After Luxury Merger

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.

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