Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse
- - Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse
ReutersJanuary 13, 2026 at 11:53 PM
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The facade of the Saks Fifth Avenue flagship store in New York City, U.S., January 12, 2026. REUTERS/Shannon Stapleton
Jan 13 (Reuters) - High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic.
The move cast uncertainty over the future of U.S. luxury fashion barely a year after a takeover that brought Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus under the same roof.
(Reporting by Juveria Tabassum, Anuja Bharat Mistry, Sanskriti Shekhar and Savyata Mishra in Bengaluru and Nicholas P. Brown and Dietrich Knauth in New York; Editing by Sriraj Kalluvila, Lisa Jucca, Rosalba O'Brien and Jamie Freed)
Source: “AOL Entertainment”
