Saks Global is laying off about 640 corporate employees, or 16% of its corporate staff, as part of its restructuring plan to exit Chapter 11 bankruptcy. The parent of Saks Fifth Avenue, Neiman Marcus, ...

By Dietrich Knauth NEW YORK, May 1 (Reuters) - Saks Global received court approval on Friday to send its bankruptcy plan to ...

As Saks Global prepares to exit bankruptcy court stage right this summer, the cast of characters is coming into clearer focus. A recent filing in the case updated the reckoning of just who owns what ...

Saks Global hit another milestone in its journey through bankruptcy court on Friday. Alfredo Pérez, the federal bankruptcy judge in Houston, signed off on the retailer’s plan to take in an additional ...

The luxury retailer is now cutting corporate staff after more than 1,200 layoffs earlier this year tied to store closures.

The parties have settled a dispute that threatened to derail progress in Saks’ effort to exit bankruptcy court next month.

Business bankruptcies have been on the rise in recent years, and the retail sector hasn't been immune. Storied brands like Saks and Eddie Bauer are using the protections to look for a new path forward ...

Saks Global took additional steps towards exiting bankruptcy last week. One agreement saw the luxury retailer settle a dispute with Simon Property Group over the fate of two store locations, Bloomberg ...

Saks Global Enterprises won court approval to sell its Gulfstream jet that executives used for business and personal travel, as the bankrupt luxury retailer slashes debt and operating expenses. Jones ...

This year has already proven challenging for the retail sector, with restaurants, shops, and other businesses announcing widespread closures. Retail analyst Neil Saunders told Daily Mail that this ...

Bankrupt luxury retailer Saks Global Enterprises settled a fight with landlord Simon Property Group and struck a separate deal with two main credit groups designed to help end the company’s insolvency ...

7-Eleven, among other stores, have announced store closures (Image: Getty) The retail sector has already faced significant headwinds this year, with restaurants, stores, and various businesses ...