Brands Grapple with Saks Global’s Uncertain Future

Brands Grapple with Saks Global’s Uncertain Future

As a Chapter 11 filing reportedly looms, Vogue Business breaks down what happens from here, with brands stuck deciding whether or not to continue shipping inventory.

Saks Global Faces Insolvency After Missing $100M Payment, CEO Resigns

The Gilded Facade Crumbles: Saks Global’s High-Stakes Gamble and the Looming Shadow of Insolvency In the opulent world of luxury retail, where designer labels and exclusive experiences define success, Saks Global finds itself teetering on the brink of financial ruin. Formed just over a year ago through the ambitious merger of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, the company now grapples with a staggering debt load that threate…

Saks Global Selling One-Acre 150 Stockton Parcel in San Francisco Amid Bankruptcy Fears

Luxury retailer opts for sale-leaseback transaction as it navigates financial distress following Neiman Marcus merger, with CEO stepping down amid missed debt payments Saks Global is selling the land beneath its Neiman Marcus store at 150 Stockton Street in San Francisco’s Union Square as the luxury retail holding company faces mounting financial pressures and potential […] The post Saks Global Selling One-Acre 150 Stockton Parcel in San Francis…

Richard Baker Appointed CEO of Saks Global as Marc Metrick Steps Down

Richard Baker, Executive Chairman of luxury retail group Saks Global, has been appointed Chief Executive Officer of the company, succeeding Marc Metrick, who has stepped down after nearly three decades with the business, industry sources report. The leadership transition comes as Saks Global faces deepening financial challenges linked to its merger and debt position. The […] The post Richard Baker Appointed CEO of Saks Global as Marc Metrick Ste…