Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse
ReutersJan 14, 2026 4:51 AM
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.
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