Saks Secures $350M Financing to Strengthen Balance Sheet
Saks Global has gained some extra breathing room. The company — which took on a heavy debt load to buy Neiman Marcus in December and has been working to calm…
Saks Faces $8.8M Suit Amid Neiman Marcus Acquisition Challenges
Saks Global has fallen out with Pathlight Capital, which helped clear the way for the luxury retailer’s $2.7 billion acquisition of Neiman Marcus last year, but has now sued the…
Prabal Gurung Toasts His Debut Memoir Walk Like a Girl With Saks at Zero Bond
“This was the New York I fell in love with,” read a quote perched above the bar at Zero Bond on Thursday night, setting the tone for an intimate book…
Must Read: Saks Global to Cut Up to 600 Vendors, Mytheresa Revenues Up 3.8% Despite Tariff Concerns
Photo: Robert Alexander/Getty Images These are the stories making headlines in fashion on Thursday. Saks Global to cut up to 600 vendors At Wednesday’s World Retail Congress event, Saks Global’s…
Richard Baker Confirms Saks Global to Cut Up to 600 Vendors
LONDON – Saks Global’s executive chairman Richard Baker said the retailer will slash 500 to 600 brands that don’t work within the portfolio, a figure that’s roughly in line with…
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…
Saks Joins Amazon Luxury as Trade War Looms Over Retail
There’s Amazon’s new push into luxury with Saks and then there’s the e-commerce company’s push even higher — literally into space. Amazon’s quarterly updates to Wall Street contain a list…
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,…
Saks Joins Amazon Luxury Stores: A High-end Fashion Breakthrough
Did Saks just help Amazon crack the luxury code? Maybe. The internet’s everything store has been looking to break into high-end fashion for years, but it’s had only limited success…
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…
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