Armed with $500M in Financing, Saks Global Anticipates Bankruptcy Exit by Summer
Saks Global has secured $500 million in exit financing from an ad hoc group of its senior secured…
News April 3
Latest In: Bergdorf Goodman
15 More Saks Fifth Avenue and Neiman Marcus Stores to Close
Saks Global will close an additional 15 stores as it seeks to right-size itself following its 2025 bankruptcy,…
News March 9
Saks Global Names New CEO as Bankruptcy Rumors Continue to Swirl
Saks Global has named Executive Chairman Richard Baker as its new CEO, replacing long-time leader Marc Metrick, who…
News January 2
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The Store Manager Bottleneck: Why Execution Is Retail’s Hidden Margin Killer
In today’s retail environment, store managers are no longer “just” operators. They are culture carriers, translators of strategy, problem solvers, and the primary architects of the customer experience. Every corporate…
June 1
Poshmark Pivots to Enhance Merchandising, ‘Commercial Precision’ with New C-Level Appointment
Resale marketplace Poshmark has named fashion, luxury and ecommerce veteran Elizabeth von der Goltz as its first-ever Chief…
News December 16
S&P Global Downgrades Saks’ Credit Rating, Calls $600 Million Financing Deal ‘Tantamount to a Default’
In light of a proposed debt restructuring announced earlier this month by Saks Global, S&P Global Ratings has…
News July 10
Saks Global Gets $600 Million in Financing from Current Bondholders
Saks Global, parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has secured $600 million in…
News July 1
Saks Global Expands Assortment Planning Solution to Neiman Marcus and Bergdorf Goodman
Saks Global has expanded its partnership with NuORDER by Lightspeed, a B2B assortment planning platform, adding Neiman Marcus…
News June 24
Dupe Culture Goes Mainstream Even as Brands Seek to Differentiate the ‘Real’ Thing
Copies of branded items, particularly those with higher price tags, have been around for scores (possibly hundreds) of…
Features February 13
UPDATE: Saks Global Finalizes $2.7 Billion Neiman Marcus Acquisition
[Update as of Dec. 26, 2024] Saks Global has completed its acquisition of Neiman Marcus Group, joining the…
News December 26Top Stories
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