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Latest reporting and analysis tagged with Saks Global.
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.
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.
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.