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By Reuters Published January 5, 2026 Saks Global Enterprises is looking to line up a loan of as much as $1 billion to keep the business running as part of a Chapter 11 bankruptcy filing that could happen in coming weeks, according to people familiar with the situation. Bloomberg The cash-strapped luxury retailer, which skipped an interest […]
By Bloomberg Published January 2, 2026 Saks Global Enterprises’ chief executive officer Marc Metrick is stepping down from his role as the cash-strapped high-end retailer considers its restructuring options, including a Chapter 11 bankruptcy filing. Marc Metrick spent almost three decades at Saks – Saks x Loewe Metrick will be replaced by the department-store chain’s […]
By Reuters Published January 2, 2026 Saks Global is preparing to file for bankruptcy in the coming weeks after missing a debt payment tied to its Neiman Marcus acquisition, the Wall Street Journal said on Wednesday, citing people familiar with the matter. A Neiman Marcus store in Garden City, New York – Photo: Yuki Iwamura/Bloomberg […]
