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Saks
since
auto-detected in 9 stories
43 days ago
Amazon invested $475 million into Saks' acquisition of Neiman Marcus. It wants a federal judge to reject Saks' bankruptcy plan because it harms creditors.
44 days ago
How Saks's acquisition of Neiman Marcus plunged the company into bankruptcy: 'Recipe for disaster' ⊖
Saks used $2.2 billion in junk bonds to buy Neiman Marcus, but didn't have enough money left over to pay vendors, which led the company to declare bankruptcy.
‘The consumers are still out there’: why a bankruptcy for Saks Global may not spell the end ⊕
found
a story from The Guardian ⚠️ › International
Just more than a year after the new luxury behemoth was formed, it announced it had filed for chapter 11 bankruptcy
Every year, the stores down Manhattan’s Fifth Avenue dress up their windows at Chri…
45 days ago
Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection ○
Saks Global, which also owns Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection after running out of cash.
Saks Global files for bankruptcy ⊖
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a story from Financial Times ✅ › Financial Times
Luxury department store chain has struggled with high debt after acquiring rival Neiman Marcus and Bergdorf Goodman
49 days ago
'Out of stock': What went wrong at luxury retailer Saks? ⊖
Saks Global, which owns Saks Fifth Avenue and Neiman Marcus, is expected to imminently file for bankruptcy protection, leaving questions about the retailer's future.
56 days ago
Saks Global CEO steps down as luxury retailer reportedly preparing for bankruptcy ⊕
Executive chair Richard Baker to replace Marc Metrick after company misses $100m interest payment on debt
Saks Global said on Friday that its CEO, Marc Metrick, has stepped down and named executive ch…
Saks Global announces new CEO as it reportedly prepares for bankruptcy ⊕
The company was created in July 2024 after Hudson's Bay Company acquired Neiman Marcus.
58 days ago
Saks Group reportedly preparing to file bankruptcy after missing debt payment ⊖
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.
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