An exterior view of signage at the Saks Fifth Avenue department store in New York on January 13, 2026. An exterior view of signage at the Saks Fifth Avenue department store in New York on January 13, 2026. Photo | AFPWASHINGTON: US luxury retail group Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, said Wednesday it had filed for bankruptcy. Saks Global said it had appointed former Neiman Marcus Group head Geoffroy van Raemdonck as its new CEO with immediate effect, replacing Richard Baker. According to court documents, Saks Global estimated it had assets and liabilities of between $1 billion and $10 billion.

Source: Indian Express January 14, 2026 15:02 UTC