Saks Global Hires Advisors As It Works to Shore Up Liquidity

Saks Global, which told bondholders two weeks ago that it was looking at options to shore up its balance sheet, has brought some heavy-hitting advisers on board to help with…

Luxury Reset and Industry Shake-Up

Any good controversy has two, maybe three players squaring off, repositioning for a future that is usually coming much sooner than later.  And then there’s a focal point — some…

Saks Global Faces Bondholder Concerns Amid Retail Challenges

Bondholders can be a tough crowd — just ask Saks Global.  Equity investors are more excitable and want nothing but growth. But since bondholders have actually loaned a business money,…

A Transforming Saks Global Resets the Buying Team

Saks Global, continuing to integrate Saks Fifth Avenue and Neiman Marcus operations and reduce headcount, has formed a “commercial team” of senior-level merchants and fashion executives, WWD has learned. Executives…

Saks Global Cuts 550 Jobs Amid Neiman Marcus Consolidation Efforts

Updated April 22 2:18 P.M. ET Saks Global — which operates both Saks Fifth Avenue and Neiman Marcus — is laying off hundreds of workers this week as part of…

Van Dang Fragrances Expands with Perfume at Neiman Marcus

Van Dang Fragrances is gearing up for retail in tandem with a new category expansion. Coinciding with the launch of seven extraits de parfum priced at $225 each, the brand…