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In the Fight for Early Payouts From Bankrupt Saks, Big Luxury Brands Have the Edge
The embattled luxury department store is ‘absolutely dependent’ on companies like Chanel, LVMH and Kering, who could ‘suffocate’ the retailer if they stopped shipping, Reuters reported.
In the Fight for Early Payouts From Bankrupt Saks, Big Luxury Brands Have the Edge
The embattled luxury department store is ‘absolutely dependent’ on companies like Chanel, LVMH and Kering, who could ‘suffocate’ the retailer if they stopped shipping, Reuters reported.
This Week: Waiting on Tariffs, Saks and More
The fate of Trump’s tariffs and Saks’ bankruptcy in the coming days, weeks and months will define how fashion’s year plays out.
This Week: Waiting on Tariffs, Saks and More
The fate of Trump’s tariffs and Saks’ bankruptcy in the coming days, weeks and months will define how fashion’s year plays out.
Saks Global: When Bankruptcy Is Your Best-Case Scenario…
The retailer’s Chapter 11 filing — and $1.75 billion in new financing to keep operating while it restructures — came as a relief to many in the industry. But keeping the doors open is a low bar to clear; there are still unanswered questions about the luxury department store model’s future.
Saks Global: When Bankruptcy Is Your Best-Case Scenario…
The retailer’s Chapter 11 filing — and $1.75 billion in new financing to keep operating while it restructures — came as a relief to many in the industry. But keeping the doors open is a low bar to clear; there are still unanswered questions about the luxury department store model’s future.
Saks’ Bankruptcy and the Future of Luxury Retail | The Debrief
Saks’ Chapter 11 filing listed $3.4 billion in debts, and the retailer is on its third CEO in two weeks. But the industry is cautiously optimistic about what’s coming next. BoF’s retail editor Cat Chen explains how we got here, who gets paid and what a credible turnaround must look like.
Saks’ Bankruptcy and the Future of Luxury Retail | The Debrief
Saks’ Chapter 11 filing listed $3.4 billion in debts, and the retailer is on its third CEO in two weeks. But the industry is cautiously optimistic about what’s coming next. BoF’s retail editor Cat Chen explains how we got here, who gets paid and what a credible turnaround must look like.
Saks’ New CEO Brings Bankruptcy Know-How, Luxury Ties
Geoffroy van Raemdonck, who oversaw Neiman Marcus Group’s emergence from bankruptcy, was appointed to the top job at Saks on Wednesday as part of the retailer’s Chapter 11 filing.
Saks’ New CEO Brings Bankruptcy Know-How, Luxury Ties
Geoffroy van Raemdonck, who oversaw Neiman Marcus Group’s emergence from bankruptcy, was appointed to the top job at Saks on Wednesday as part of the retailer’s Chapter 11 filing.
Chanel, Gucci and Capri Holdings: The Brands Topping Saks’ Creditor List
As Saks Global enters a blockbuster Chapter 11 filing, its creditor list shows who’s exposed — and sets off a scramble for ways to recover unpaid bills.
Chanel, Gucci and Capri Holdings: The Brands Topping Saks’ Creditor List
As Saks Global enters a blockbuster Chapter 11 filing, its creditor list shows who’s exposed — and sets off a scramble for ways to recover unpaid bills.
Saks’ Downfall Is a Make-or-Break Moment for Macy’s
Macy’s Inc. has a once-in-a-lifetime opportunity to siphon some of Saks' beauty and fashion share, writes Andrea Felsted.
Saks’ Downfall Is a Make-or-Break Moment for Macy’s
Macy’s Inc. has a once-in-a-lifetime opportunity to siphon some of Saks' beauty and fashion share, writes Andrea Felsted.
Saks Global Files for Bankruptcy After Monthslong Hunt for Cash
The Chapter 11 filing comes just over a year after the retailer acquired Neiman Marcus and Bergdorf Goodman. The combined company struggled almost from the start amid sinking sales and fraught relations with vendors and creditors.
Saks Global Files for Bankruptcy After Monthslong Hunt for Cash
The Chapter 11 filing comes just over a year after the retailer acquired Neiman Marcus and Bergdorf Goodman. The combined company struggled almost from the start amid sinking sales and fraught relations with vendors and creditors.
Luxury Brands Are Making a Big Bet on Saks. Will It Come Back to Haunt Them?
Vendors have long complained that Saks was slow to pay its bills. Yet even as a bankruptcy filing for the department store giant appears imminent, many say they plan to continue to work with the retailer.
Luxury Brands Are Making a Big Bet on Saks. Will It Come Back to Haunt Them?
Vendors have long complained that Saks was slow to pay its bills. Yet even as a bankruptcy filing for the department store giant appears imminent, many say they plan to continue to work with the retailer.
The Executive Briefing: Saks in Crisis; The Battle for Lululemon; A Holiday Shopping Miracle
America’s largest department store operator is on the brink, Lululemon’s founder is making moves and GLP-1 pills promise to shake up fashion this year. Read on for your concise breakdown of November’s key developments from executive editor Brian Baskin.
The Executive Briefing: Saks in Crisis; The Battle for Lululemon; A Holiday Shopping Miracle
America’s largest department store operator is on the brink, Lululemon’s founder is making moves and GLP-1 pills promise to shake up fashion this year. Read on for your concise breakdown of November’s key developments from executive editor Brian Baskin.