Business
Saks Global Unsecured Creditors Committee Comes Together
Through Saks Global’s year of turmoil, many vendors struggled to be heard — especially smaller designers trying to hold on to a must-have…
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Saks
Business
Saks Global Unlocks $500M in Bankruptcy Funding
Saks Global has some dough again — and just in time. The retailer, which filed for bankruptcy late Tuesday and was relying on the good…
Business
The $700M in Market Share ‘Up for Grabs’ in the Saks Global Bankruptcy
Most of the talk around Saks Global’s bankruptcy has centered on the heartache, broken promises and lost money that fashion’s endured —…
Business
The Bricks-and-mortar Ruling the Saks Global Bankruptcy
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…
Business
Amazon Seeks to Delay Saks Global’s DIP Financing
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…
Business
Can Saks Global Be Fixed?
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…
Business
Luxury retailer Saks Global files bankruptcy after turnaround fails
US$1 billion debtor-in-possession financing, pending court approval, will fund Saks’ operations and turnaround Saks Global Enterprises…
Business
Saks Global Files for Chapter 11 Bankruptcy
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…
Business
Saks mulls bankruptcy year after raising billions for turnaround
SAKS Global Enterprises, facing limited options ahead of a more than US$100 million debt payment due at the end of this month, is…
Business
Malo Comes Back to the U.S. With Women’s Capsule at Saks, Neiman Marcus
MILAN — Luxury Italian cashmere brand Malo is coming back Stateside, courtesy of an exclusive partnership with Saks Global. Less than…
Lifestyle
Shoes for a Cure Kicks Off Big Week in New York With Intimate Saks Cocktail
After a high-energy weekend of events in Miami, Shoes for a Cure was back in the Big Apple on Tuesday evening for an intimate cocktail at…
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Saks Fifth Avenue’s Friends & Family Sale Is Officially Live — Here Are the Fall Styles Our Editors Added to Cart
If you purchase an independently reviewed product or service through a link on our website, WWD may receive an affiliate commission. Shop…
Business
Longtime Saks Shoe Force Will Cooper Is Exiting the Company
Saks veteran Will Cooper is exiting the company after two decades. A Saks Global spokesperson confirmed the move late Wednesday, noting…
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Saks Off 5th Vacating 57th Street
Saks Off 5th, the off-price division of Saks Global, is vacating its 57th Street location in Manhattan, WWD has learned. Sources said the…
Business
Standard & Poor’s Downgrades Saks Global
Standard & Poor’s, in a move that was largely expected, on Friday downgraded Saks Global. The ratings agency downgraded Saks Global to…
Business
Saks Fifth Avenue’s Latest AI Venture: A Virtual Voice Assistant Called Sophie
Saks Fifth Avenue is getting deeper into AI. The luxury retailer has partnered with two tech companies, NLX and Amazon Web Services, to…
Business
Saks Global Posts Q1 Top- and Bottom-line Declines, but Underscores Progress ‘Transforming’ the Business
Business across the luxury landscape is tough and Saks Global is feeling it. On Thursday, Saks Global released its first-quarter figures,…
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Saks Hosts Summer Dinner in the Hamptons
Saks Fifth Avenue hosted its annual summer dinner in the Hamptons on Thursday evening, this year held at the Watermill Center. The guest…
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Saks Global Update: What’s on the Minds of Vendors
It’s almost like vendors and Saks Global have called a truce — whether it’s temporary or permanent remains to be seen, depending on how…
Business
Saks Said to Pursue Joint Venture to Expand Bergdorf Goodman
The reinvention at Saks Global might be about to touch the Bergdorf Goodman business. Sources said the company has had “preliminary…
Business
Saks Secures $350M in Financing to ‘Fortify’ Balance Sheet
Saks Global has gained some extra breathing room. The company — which took on a heavy debt load to buy Neiman Marcus in December and has…
Lifestyle
Prabal Gurung, Saks Fifth Avenue Cohost Cocktail Party to Celebrate the Designer’s New Book
Prabal Gurung‘s new memoir, “Walk Like a Girl,” was celebrated Thursday night at a cocktail party hosted by Saks Fifth Avenue and Gurung…
Beauty
What Beauty Products Won Mother’s Day, According to Macy’s, Amazon and Saks Execs
Moms, too, just want K-beauty. At least, that’s what data from TikTok Shop detailing what sold best on the platform during the run-up to…
Business
Saks Global’s ‘Tight Liquidity’ Has S&P Reconsidering Its Credit Rating
Standard & Poor’s has Saks Global under the credit microscope. The debt watchdog put the luxury retailer’s “CCC-plus” rating on…