adminSaks Global files for bankruptcy protection
Saks Global, the parent company behind the 159-year-old department store that’s become both a destination and a symbol for luxury fashion, filed for Chapter 11 bankruptcy protection on Wednesday after…
Saks acquisition of Neiman Marcus led to bankruptcy
For more than a decade, the former executive chairman of Saks Global dreamed of adding Neiman Marcus to his collection of legacy department stores, believing the combined entities would create…
Amazon says Saks investment is worthless after bankruptcy
Amazon package and Saks Fifth Avenue bag. Getty Images Amazon wants a federal judge to reject Saks Global’s bankruptcy financing plan, writing in court papers the beleaguered department store “burned…
Saks Global struggles to line up bankruptcy financing
Pedestrians walk past a Saks Fifth Avenue store in Chicago, Dec. 30, 2025. Scott Olson | Getty Images Beleaguered retail chain Saks Global is struggling to line up as much…
Saks Global announces new CEO Richard Baker amid bankruptcy reports
A pedestrian passes in front of the Saks Fifth Avenue Inc. women’s store at Brookfield Place in New York, U.S. Allison Joyce | Bloomberg | Getty Images Saks Global named…
Tricolor CEO bonus paid out weeks before bankruptcy, prosecutors say
Mexican and American flags attached to vehicles at a Tricolor dealership in Houston, Texas, Sept. 11, 2025. Mark Felix | Bloomberg | Getty Images The CEO of subprime auto firm…
Spirit Airlines on track for a $475 million bankruptcy lifeline
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News |…
