by Mike Duff | Jan 5, 2026 | Retail Articles
Amid rumors of a potential bankruptcy filing and following a missed interest payment on bonds, Saks Global announced that Richard Baker, executive chairman, has assumed the role of CEO, overseeing the company’s luxury retail operations. Baker will remain...
by Mike Duff | Jul 2, 2025 | Retail Articles
Saks Global Enterprises announced it secured $600 million in financing commitments from a majority of its existing bondholders as the upscale retail operator looks to reset in a luxury market showing signs of softening. The Saks Global deal comes after the bankruptcy...
by Mike Duff | Jul 8, 2024 | Featured News, Retail Articles
HBC, parent company of Saks Fifth Avenue and Hudson’s Bay stores, is getting some help from Amazon in its definitive agreement to acquire Neiman Marcus Group, parent of Neiman Marcus and Bergdorf Goodman, for a total enterprise value of $2.65 billion. In the wake of...
