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

There are ongoing discussions to potentially stave off a bankruptcy filing, a source with knowledge of the situation told The ...
Bisnow

Saks Weighs Chapter 11 Bankruptcy After Missing $100M Interest Bill

Saks Global is considering restructuring after being weighed down by debt from its $2.7B deal to acquire Neiman Marcus in ...

Saks Global CEO steps down amid reports luxury company preparing to file for bankruptcy

Saks Global CEO Marc Metrick is stepping down amid reports that the company, which owns luxury department store chains ...
Courthouse News Service

Second Circuit upholds dismissal of ex-Saks employees ‘no-hire’ wage suppression class action

A Saks Fifth Avenue store in Atlanta, Georgia. (Choodcree/Wikimedia) MANHATTAN (CN) ­ — A federal appeals court on Thursday affirmed a lower court’s dismissal of an antitrust class action brought by ...