What the Saks Bankruptcy Means for Its Shoppers and Stores
The Chapter 11 bankruptcy filing by Saks Global Enterprises on Jan. 13 has raised questions among shoppers and vendors about the future of the luxury retailer’s stores. Its biggest chains...
By Jeannette Neumann, Jonathan Randles, Reshmi Basu, Dina Katgara · Bloomberg
The Chapter 11 bankruptcy filing by Saks Global Enterprises on Jan. 13 has raised questions among shoppers and vendors about the future of the luxury retailer’s stores. Its biggest chains include Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman and the discounter Saks OFF Fth. Here’s what’s happening and what’s likely to happen next.