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The Saks Global bankruptcy means disruption across the retail landscape, but from the Simon Property Group‘s point of view, there’s also upside. According to David Simon, the chairman,…
Through Saks Global’s year of turmoil, many vendors struggled to be heard — especially smaller designers trying to hold on to a must-have account and get their money back. Although the…
Saks Global, owner of luxury retail chains Saks 5th Avenue and Neiman Marcus, has announced the closure of most of its discount outlet stores, Saks Off 5th and Last Call. The store…
The race for the luxury beauty shopper — in New York, and throughout the U.S. — is on. With Saks Global’s Chapter 11 filings encompassing Saks Fifth Avenue, Neiman Marcus and Bergdorf…
Things are moving fast at the bankrupt Saks Global. The senior management team has been set. They’re stepping up communications with vendors to spell out who does what, and to encourage…
Roopal Patel, senior vice president of the fashion office for Saks Global, has left the company, WWD has learned. Patel, a veteran of luxury fashion retailing, was elevated to the position…
The hardest part might be over for Saks Global — but the work of rebuilding has just begun. When the luxury department store group filed for Chapter 11 bankruptcy last week and former…
Saks Global vendors looking to get their money back on unpaid invoices shouldn’t get their hopes up. They might recover a small percent of what’s owed — if anything at all — unless they…
Updated 8:43 p.m. ET Jan. 16 Saks Global has some dough again — and just in time. The retailer, which filed for bankruptcy late Tuesday and was relying on the good graces of its…
There was a lot of talk about the death of the department store as Saks Global limped along last year and then finally collapsed into insolvency late Tuesday. True, stores have had to…
Count Amazon as one more party that is feeling ripped off by Saks Global and its march into bankruptcy. The web giant, which has been working to build in luxury for years, was once a key…
Geoffroy van Raemdonck and team are on a rescue mission. And they’re going to have to move fast and step right if they want to succeed in pushing Saks Global not just through bankruptcy,…
Vendors let out a sigh of relief Wednesday following the long-awaited bankruptcy of Saks Global, and were glad that there’s finally a sense of direction going forward. Of course, they’re…
The world’s biggest footwear players are among the largest unsecured creditors in Saks Global’s Chapter 11 bankruptcy. After weeks of intense speculation and many twists and turns, the…
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround Saks Global Enterprises filed for bankruptcy to address mounting losses and a…
Saks Global’s high-wire financial act is finally over. The company, which just over a year ago bought Neiman Marcus Group for $2.7 billion, filed for Chapter 11 bankruptcy late Tuesday —…
Saks Global’s race to the courthouse has come down to the wire. The fashion industry has been on pins and needles waiting for the parent of Saks Fifth Avenue, Neiman Marcus and Bergdorf…
A Saks Global bankruptcy would have a significant impact on independent luxury shoe designers and fashion houses that derive a large percentage of sales from the category. “In some cases,…
A Saks Global bankruptcy filing is expected by early-to-mid next week, with the struggling luxury retailer submitting a reorganization plan involving scores of store closures across the…
Saks Global’s potential path into the future might be narrowing. While industry dealmakers said earlier this week that the retailer was in talks with Amazon as it races to fix its…
Gary Wassner, the chief executive officer of Hilldun Corp., the factoring and finance company, wrote to his clients Tuesday afternoon that it still can’t approve Saks Global orders at this…
Saks Global’s make-or-break moment has come. The struggling luxury department store company has a more than $100 million interest payment due on Tuesday, which is necessary to keep it…
SAKS Global Enterprises, facing limited options ahead of a more than US$100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort,…
Hilldun Corp.’s pause on Saks Global orders is going to drag on past Christmas. “I am anxious to begin approving orders,” Gary Wassner, chief executive officer of Hilldun, told WWD on…
