by Mike Duff | Feb 11, 2026 | Retail Articles
As it tries to regain its footing in the luxury market, Saks Global is closing more retail operations, including home-oriented Horchow and a number of department stores. The news comes after Saks, reorganizing after filing for Chapter 11 Bankruptcy protection,...
by Mike Duff | Jan 16, 2026 | Featured News, Retail Articles
Amazon filed an objection to the debtor-in-possession financing proposal in the Saks Global Chapter 11 bankruptcy proceeded, arguing the arrangement undermines a position Amazon took in Saks when the luxury retailer purchased Neiman Marcus. In a filing with the United...
by Mike Duff | Jan 2, 2025 | Retail Articles
Saks Global announced it finalized the acquisition of Neiman Marcus Group in a deal with a $2.7 billion enterprise value. Amazon, an investor in Saks Global, will work to innovate on behalf of customers and brand partners at each Saks Global banner, including Neiman...
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...
by Mike Duff | Feb 15, 2023 | Retail Articles
The Neiman Marcus Group has announced strategic changes to its operating model, including executive moves and as much as a 5% workforce reduction, designed to accelerate the company’s pursuit of its strategic goal to “Revolutionize Luxury...
