The luxury retailer has struggled with slow sales and debt relating to its recent acquisition of rival Neiman Marcus.

Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for bankruptcy protection late Tuesday, according to court documents filed in US Bankruptcy Court in Houston, Texas.

The owner of Saks, Neiman Marcus and Bergdorf Goodman becomes the highest-profile department-store chain to file for chapter ...

Saks Global, the parent company of the eponymous retail giant as well as luxury department stores Neiman Marcus and Bergdorf ...

Saks Global said the company expects to exit bankruptcy later this year. With court approval, $1 billion will become available for operations, and another $500 million is designated for when the ...

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Right now, many of borrowers are facing some serious debt issues, including those who were once able to easily cover their monthly payments. Part of the issue is that, at over 22% on average, credit ...

Many people consider bankruptcy but postpone taking action because they don’t know what’s going to happen. Often, they fear losing everything and don’t want to damage their credit. But bankruptcy is ...