EPA:KER News 14 January 2026

Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

Saks Global, owner of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, filed for Chapter 11 bankruptcy in Texas after missing a $100 million interest payment tied to its Neiman Marcus acquisition. The company reported $1.75 billion in financing, including $1 billion in debtor-in-possession funding, and expects stores to remain open. Geoffroy van Raemdonck replaced Richard Baker as CEO. Major luxury suppliers are listed as unsecured creditors.

14 January 2026

Bankruptcy·EPA:KER·EPA:MC

Walmart stock jumps 3% to $131 as Dow clears 50,000 — what to watch before Monday

7 February 2026

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7 February 2026

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EPA:KER News 14 January 2026

Saks Global files for bankruptcy: $1.75 billion financing, new CEO and a test for luxury suppliers

Stock Market Today

Walmart stock jumps 3% to $131 as Dow clears 50,000 — what to watch before Monday

Visa stock price closes higher as $100 million small-business push hits tape — what to watch next week

Samsung Electronics stock price slips to 158,600 won as tech selloff bites; Monday in focus

Berkshire Hathaway stock price: BRK.B ends at $508 as Dow tops 50,000 — what to watch next week