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 14, 2026 | Retail Articles
After market speculation that it might seek bankruptcy protection, Saks Global Holdings has filed for Chapter 11 in the United States Bankruptcy Court for the Southern District of Texas, the company announced, adding that it has named Geoffroy van Raemdonck as its new...
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 | Apr 29, 2025 | Retail Articles
Amazon is touting preparations for Prime Day 2025 and a new partnership with luxury retailer Saks, amid reports that sellers are bowing out of Prime Day due to tariffs and pressure from the White House to halt a plan to list tariff changes in product pricing on the...
