Luxury department store chain Saks files for bankruptcy
Retailer has struggled with high debt after acquiring rival Neiman Marcus and Bergdorf Goodman
Related reading
Leveraged luxury: fall of Saks Global to scorch US business stars
Gilded department store chain is grappling with heavy debt and angry suppliers
Saks creditors suffer as high debt and slowing sales weigh on finances
Luxury retailer has pitted lenders against one another to secure financial lifelines as it teeters on edge of default
Death of a dream: Saks’ crisis exposes luxury department store woes
Chain sought to be the ultimate retailer in the sector but its collapse suggests plenty of shoppers never wanted it at all
Saks Global, the longtime leader of luxury department stores, files for…
Saks Global, which also owns Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection after running out of cash.
Saks Global files for bankruptcy after takeover leads to financial collapse
Debt-riddled retail giant’s demise has cast uncertainty over the future of US luxury fashion
Saks Global exits bankruptcy but faces tough fight to regain luxury shoppers
The retailer, now renamed Exemplar Luxury Group, was formed in 2024 through a debt-heavy merger that brought together Saks Fifth…
