The luxury giant is unlikely to make good within the grace period or achieve promised savings from last year’s $2.7 billion ...

Hilldun Corp.'s Gary Wassner, who factors designer brands, said footwear "represents 40 percent to 50 percent" of some of ...

Saks Global Enterprises, the cash-strapped luxury retailer, is planning to file for Chapter 11 bankruptcy protection as soon ...

Barely a year after Saks bought rival Neiman Marcus, creditors are in talks over whether to provide more money to keep stores ...

The $2.7-billion marriage of Saks and Neiman Marcus was meant to create a powerhouse in the world of luxury department stores ...

As a Chapter 11 filing reportedly looms, Vogue Business breaks down what happens from here, with brands stuck deciding ...

The luxury retail store Saks Global could seek protection under Chapter 11 of the United States Bankruptcy Code ...

Savvy shoppers can still bank on Saks’ bankruptcy. Luxury retailer Saks Global is reportedly planning to file for Chapter 11 ...

Saks is struggling with declining sales, lost customer trust, vendors holding shipments, executive exodus and liquidity ...

The largest luxury retailer in the world, which also owns Bergdorf Goodman and Saks off 5th, missed a $100 million debt ...

The company missed an interest payment of over $100 million, leading to expectations of an imminent Chapter 11 filing or ...

After nearly three decades with Saks, I will be stepping down as chief executive officer,” Marc Metrick said in a statement.