Browsing: bankruptcy
Bergdorf Goodman workers claim majority of cash missing from paychecks as parent company Saks Global files for bankruptcy: ‘Unacceptable’
Bergdorf Goodman retail workers claim parent company Saks Global is inexplicably withholding hundreds of dollars from their weekly paychecks. Nearly two dozen employees at the high-end…
NEW YORK — The operator of roughly 180 Eddie Bauer stores across the U.S. and Canada has filed for Chapter 11 bankruptcy protection, blaming declining sales…
Saks Global to close most Saks Off 5th stores as it restructures during Chapter 11 bankruptcy
NEW YORK — The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations to focus on its…
Alcohol brands could be forced to sell inventory as industry giant declares bankruptcy
Alcohol giants Stoli Group USA LLC and Kentucky Owl LLC are liquidating their inventory in the U.S. after struggling to reorganize their businesses under Chapter 11…
Saks Fifth Avenue files for bankruptcy after Neiman Marcus takeover leads to financial collapse
High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic. Saks Fifth Avenue,…
Saks plans to file for bankruptcy as soon as Sunday as it crumbles under mounting debt: report
Saks Global Enterprises – which owns Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman – is planning to file for Chapter 11 bankruptcy protection as soon…
Saks Global CEO steps down amid reports luxury company preparing to file for bankruptcy
Saks Global CEO Marc Metrick is stepping down amid reports that the company, which owns luxury department store chains including Saks Fifth Avenue and Neiman Marcus,…
Saks Global is reportedly headed toward bankruptcy after missing payment for the debt it took on to acquire Nieman Marcus. The largest luxury retailer in the…
Exclusive | ‘Ornament King’ Christopher Radko declares bankruptcy days before Christmas over ‘legal nightmare’
He’ll be broke for Christmas. The so-called Ornament King — whose European glass-blown decorations once adorned presidential Christmas trees — has been forced to declare bankruptcy…
Saks Global, parent of high-end department store chain Saks Fifth Avenue, is weighing Chapter 11 bankruptcy as a last resort, Bloomberg News reported on Monday, citing people familiar with…
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