There are ongoing discussions to potentially stave off a bankruptcy filing, a source with knowledge of the situation told The ...

Luxury retailer Saks reportedly faces potential bankruptcy as parent company weighs Chapter 11 filing amid $100+ million debt ...

Saks Global Enterprises, which operates Saks Fifth Avenue and Neiman Marcus, said Friday its CEO Marc Metrick stepped down, ...

After nearly three decades with Saks, I will be stepping down as chief executive officer,” Marc Metrick said in a statement.

Saks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of ...

Saks is struggling with declining sales, lost customer trust, vendors holding shipments, executive exodus and liquidity ...

Saks Global is facing potential bankruptcy after missing a $100 million debt payment following its acquisition of Neiman ...

Executive chair Richard Baker to replace Marc Metrick after company misses $100m interest payment on debt ...

Marc Metrick is a longtime Saks executive who had helmed the Saks Fifth Avenue and Neiman Marcus parent since 2024.

The owner of Saks Fifth Avenue and Neiman Marcus is in talks with creditors about financing for a coming chapter 11 filing.

Faced with bankruptcy as a result of its acquisition of Neiman Marcus, Saks Global has sold a major property in San Francisco ...

No special closing sales are planned at the store, which offers luxury off-price fashion. Saks Global plans to close nine ...