NEW YORK(AP) — The parent company of Saks Fifth Avenue and Neiman Marcus is closing more department stores as it focuses on its most profitable businesses and trims debt during its Chapter 11 ...

Saks Global received court approval for its bankruptcy restructuring on Friday, clearing the luxury ​retailer to exit from Chapter 11 with a smaller store footprint ‌and lower debt.

June 26 (Reuters) - Luxury retailer Saks Global on Friday emerged from Chapter 11 bankruptcy after nearly five months with less than half of its previous stores and a quarter of its debt. The company, ...

On January 14, the company behind some of the most recognizable names in American department stores filed for Chapter 11 bankruptcy protection. The filing followed months of delayed payments to ...

The luxury retailer Saks Global has a new ownership structure and corporate name. It comes out of  restructuring with a smaller store footprint and less debt.

Luxury retailer Saks Global on Friday emerged from Chapter 11 bankruptcy after nearly five months, under a new ownership structure and corporate name and with a smaller store footprint and lower debt.

Saks Global’s plan to wrap up its Chapter 11 restructuring received approval from the U.S. Bankruptcy Court for the Southern District of Texas on Friday, slashing the luxury giant’s debt by almost 75% ...

After all, the new Saks Global now boasted 75 brand stores, two iconic Bergdorf Goodman locations, and an additional 100 Saks Off 5th discount outlets. The deal, while financed largely through $2.2 ...

Saks Global CEO Geoffroy van Raemdonck joins CNBC's 'Squawk on the Street' to discuss the court-approved bankruptcy restructuring, the company's future, what customers should expect, and more.