The parent of Saks Fifth Avenue and Neiman Marcus is closing in on a bankruptcy financing package of roughly $1.25 billion, ...

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 ...

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

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

Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News reported on ...

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

There are ongoing discussions to potentially stave off a bankruptcy filing, a source with knowledge of the situation told The ...

The closure comes as the luxury department store chain and its sister company, Neiman Marcus, face an uncertain future and a ...

Luxury retailer Saks reportedly faces potential bankruptcy as parent company weighs Chapter 11 filing amid $100+ million debt ...

Lawsuit alleges Saks launched ‘a vindictive and unlawful scheme’ to destroy Suhail Kwatra’s reputation after he got a rival ...

When the executive chairman of Saks Global Enterprises hopped on a call with the luxury retailer’s anxious lenders last week, they couldn’t believe their ears.