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Saks, Exiting Bankruptcy, Bets on High-End Luxury to Revive Sales
The American department store conglomerate now faces its next battle: winning back customers in a strained luxury market and avoiding ending up back in court.
Saks, Exiting Bankruptcy, Bets on High-End Luxury to Revive Sales
The American department store conglomerate now faces its next battle: winning back customers in a strained luxury market and avoiding ending up back in court.
Saks Global Exits Bankruptcy and Rebrands to Exemplar Luxury Group
The new corporate identity is meant to signal a new chapter for the retailer and hold the retailer accountable to a higher standard of partnership to brands, consumers and its employees, said CEO Geoffroy van Raemdonck.
Saks Global Exits Bankruptcy and Rebrands to Exemplar Luxury Group
The new corporate identity is meant to signal a new chapter for the retailer and hold the retailer accountable to a higher standard of partnership to brands, consumers and its employees, said CEO Geoffroy van Raemdonck.
Exclusive: Can Saks Get Back on Track? CEO Van Raemdonck Makes His Case
As Saks Global emerges from bankruptcy in record time, the Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman owner has started to pay back critical vendors, rebuilt inventory and halved debt. But winning back the industry's trust is a different challenge altogether.
Exclusive: Can Saks Get Back on Track? CEO Van Raemdonck Makes His Case
As Saks Global emerges from bankruptcy in record time, the Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman owner has started to pay back critical vendors, rebuilt inventory and halved debt. But winning back the industry's trust is a different challenge altogether.
Unpacking Saks Global’s Post-Bankruptcy Plan
The luxury giant has filed its roadmap to exit Chapter 11 this summer, confirming it will not sell Bergdorf Goodman. Under the new deal, bankruptcy lenders will take full ownership, wipe away billions in debt and set the stage for a leaner, more profitable operation.
Unpacking Saks Global’s Post-Bankruptcy Plan
The luxury giant has filed its roadmap to exit Chapter 11 this summer, confirming it will not sell Bergdorf Goodman. Under the new deal, bankruptcy lenders will take full ownership, wipe away billions in debt and set the stage for a leaner, more profitable operation.
Saks Global CEO Says Top Brands Are Shipping Despite Bankruptcy
The goods come from more than 380 brands, including Burberry and those owned by luxury powerhouses LVMH and Kering.
Saks Global CEO Says Top Brands Are Shipping Despite Bankruptcy
The goods come from more than 380 brands, including Burberry and those owned by luxury powerhouses LVMH and Kering.
American Department Stores Have a Beauty Problem
No longer the primary destination for beauty discovery, US department stores could learn by emulating the strategies of international peers.
American Department Stores Have a Beauty Problem
No longer the primary destination for beauty discovery, US department stores could learn by emulating the strategies of international peers.
Chanel, Gucci and Capri Holdings: The Brands Topping Saks’ Creditor List
As Saks Global enters a blockbuster Chapter 11 filing, its creditor list shows who’s exposed — and sets off a scramble for ways to recover unpaid bills.
Chanel, Gucci and Capri Holdings: The Brands Topping Saks’ Creditor List
As Saks Global enters a blockbuster Chapter 11 filing, its creditor list shows who’s exposed — and sets off a scramble for ways to recover unpaid bills.
Saks’ Downfall Is a Make-or-Break Moment for Macy’s
Macy’s Inc. has a once-in-a-lifetime opportunity to siphon some of Saks' beauty and fashion share, writes Andrea Felsted.
Saks’ Downfall Is a Make-or-Break Moment for Macy’s
Macy’s Inc. has a once-in-a-lifetime opportunity to siphon some of Saks' beauty and fashion share, writes Andrea Felsted.
Saks Global Files for Bankruptcy After Monthslong Hunt for Cash
The Chapter 11 filing comes just over a year after the retailer acquired Neiman Marcus and Bergdorf Goodman. The combined company struggled almost from the start amid sinking sales and fraught relations with vendors and creditors.
Saks Global Files for Bankruptcy After Monthslong Hunt for Cash
The Chapter 11 filing comes just over a year after the retailer acquired Neiman Marcus and Bergdorf Goodman. The combined company struggled almost from the start amid sinking sales and fraught relations with vendors and creditors.
Saks Is Ceding Ground to Luxury Rivals After Buying Neiman Marcus
The $2.7 billion acquisition was intended to strengthen the department stores’ positions as luxury giants, but now both are struggling against competitors like Nordstrom and Bloomingdale’s.
Saks Is Ceding Ground to Luxury Rivals After Buying Neiman Marcus
The $2.7 billion acquisition was intended to strengthen the department stores’ positions as luxury giants, but now both are struggling against competitors like Nordstrom and Bloomingdale’s.