The company was created in July 2024 after Hudson's Bay Company acquired Neiman Marcus.

The parent of high-end department store chain Saks Fifth Avenue failed to make an interest payment of over $100 million due on Tuesday, WSJ reported.

The company was created in July 2024 after Hudson's Bay Company acquired Neiman Marcus.

Executive chair Richard Baker to replace Marc Metrick after company misses $100m interest payment on debt