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With rumors of bankruptcy swirling, should you use your Amex Saks credits soon?

We’ve heard rumblings of bankruptcy for Saks Fifth Avenue a few times in recent months. Now, the Wall Street Journal is reporting that the brand missed a debt payment and is preparing for bankruptcy ...

Saks owner races to raise $1B in financing as CEO steps down, possible bankruptcy looms: sources

The owner of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman is in a race to land more than $1 billion in rescue ...

Saks C.E.O. Steps Down as Company Struggles to Pay Down Debt

Saks Global’s executive chairman, Richard Baker, is taking over the luxury retailer he created with the 2024 acquisition of ...
The New York Times

Saks Is at a Crossroads, Facing Creditor and Vendor Unease

The luxury retailer made an initial payment to bondholders on time, but six months after it acquired Neiman Marcus concerns about its finances remain. By Danielle Kaye Zenobia Taylor-Braun had high ...