economy
January 14, 2026
Saks Global, the longtime leader of luxury department stores, files for bankruptcy protection
Saks Global, which also owns Neiman Marcus and Bergdorf Goodman, filed for bankruptcy protection after running out of cash.
TL;DR
- Saks Global has filed for bankruptcy protection.
- The company owns Neiman Marcus and Bergdorf Goodman.
- The bankruptcy filing is due to a lack of cash.
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