Luxury Retailers Face Bankruptcy Wave as Saks Files Chapter 11
Luxury retailers including Saks Fifth Avenue file for bankruptcy in 2025-2026, with Bain & Company citing economic pressures and generational shifts.
Topic
Latest reporting and analysis tagged with Saks Fifth Avenue.
Luxury retailers including Saks Fifth Avenue file for bankruptcy in 2025-2026, with Bain & Company citing economic pressures and generational shifts.
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.