Saks Global files for bankruptcy after Neiman Marcus acquisition

How Saks's acquisition of Neiman Marcus plunged the company into bankruptcy: 'Recipe for disaster'

Saks used $2.2 billion in junk bonds to buy Neiman Marcus, but didn't have enough money left over to pay vendors, which led the company to declare bankruptcy.

Saks, Neiman Marcus owner seeks protection

The owner of Saks Fifth Avenue sought bankruptcy protection this week, buffeted by rising competition and the massive debt it took on to buy its rival in the luxury sector, Neiman Marcus, just over a year ago.

Saks, Neiman Marcus look for path forward with bankruptcy, after ‘disaster’ merger

The much-touted corporate marriage between Saks and Neiman Marcus was supposed to show how two iconic names in luxury retail were stronger together.

Saks’ debt woes latest blow in US luxury stores’ fight for survival

America’s luxury department stores, once landmarks that served as fantasy worlds for the aspirational, are becoming an endangered species.

US department store Saks files for bankruptcy protection but shops stay open for now

The French luxury brand Chanel and Gucci-owner Kering top the list of unsecured creditors of the bankrupt US department store Saks Global, with claims of $136m (€116m) and $60m respectively, court documents show.

Iconic Luxury Retailer Saks Files for Bankruptcy amid Struggle with Merger Debt

A 100-year-old retailer is headed to the bargain bin. Saks Global — the parent company behind Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman — has become the latest department store owner to file for Chapter 11 bankruptcy protection. The company said Wednesday that it secured $1.75 billion in financing to keep its store doors open and named a new CEO.  But whether some fast cash will lead to a long-term recovery for Saks is still being so…