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NEIMAN MARCUS
Saks Global files for bankruptcy due to heavy debt load months after Neiman Marcus takeover; Here’s how the luxury retail group can revive itself as time runs outUS luxury retail group Saks Global filed for bankruptcy protection on Tuesday (January 13, 2026), burdened by substantial debt from the pan...- US company Saks weighs bankruptcy a year after raising billions for turnaroundSaks Global Enterprises faces a critical debt payment this month. The company is exploring Chapter 11 bankruptcy as a potential option. Oth...
- Americans have till October 8 to claim up to $5,200 from three major settlementsData breach settlements 2025: Millions in payouts are coming to Americans due to data breaches. Neiman Marcus, Advance Auto Parts, and BJC ...
- Saks Fifth Avenue at crossroads, facing creditor and vendor uneaseSaks Global faces financial hurdles post the Neiman Marcus acquisition. The company made a crucial interest payment. It secured new financi...
- High-end department store retailer Saks launches Amazon storefrontSaks Fifth Avenue is launching a storefront on Amazon Luxury to sell designer goods from brands like Dolce&Gabbana and Balmain. Operated as...
- Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion dealHBC, the parent company of Saks Fifth Avenue, announced on Thursday that it will acquire the department-store chain Neiman Marcus in a $2.6...
- Neiman Marcus Group to hire 600 people for India centreThe US-based retailer launched its Global Capability Centre (GCC) in India this week, where it currently employs about 60 people.
- Get out of sweatpants: Spring fashion is changing; bold colours, light fabrics set the pandemic moodFloral prints, feel-good slogans and statement jewellery can jazz up working-from-home outfits.
- Pandemic crushes global supply chains, workers at both endsCOVID-19 lockdowns have obliterated a retail sector already struggling to survive before the coronavirus hit, which has, in turn, contribut...
- After nearly 200 years, Lord & Taylor goes out of business, files for bankruptcyLord & Taylor will permanently close its remaining 38 stores and shut down its website, the company said Thursday. It is currently holding ...
- Indian creditors nervous as US retail companies struggleIn the past two weeks, leading retailers like JC Penney, J Crew, Neiman Marcus and Stage Stores have filed for Chapter 11 bankruptcy protec...
- Indian IT may take a big hit as US retail struggles to stay openIT services companies may see business from US retailers fall sharply, as some non-essential and luxury brands shut stores and furlough emp...
- Slowdown in America’s retail sector to hit Indian IT firmsInfosys, Cognizant, Tata Consultancy Services and Wipro service the retail sector in the US and analysts said their clients would eventuall...
- Robin Singh's essentials for a formal look: A watch, tie & cuff linksThe Indian footballer says that his wedding suit is his favourite.
- For the love of gifts: The perfect guide for delighting a billionaireMaterial gifts for the folks who have — and want — it all.
- A former HP executive assistant charged her $100,000 spa vacation to the company...and is going to jailShe was sentenced to 21 months in prison today after pleading guilty to embezzling nearly $1 million from the company.
- Splash out on these 2014 'fantasy' holiday giftsNeiman Marcus has just released its much-anticipated deluxe gift book, including several 'fantasy' gifts and experiences for the luxe guy-a...
- Harrods, Selfridges now at your doorstepApart from Harrods, which is on the must-visit-must-buy-must-flash list of every Indian Richie Rich visiting London, a clutch of the world'...
- Luxury market slowly emerging from global recessionThe luxury goods market is rebounding from the slump caused by the global recession, but analysts say upscale sellers will be facing a hard...
- Reliance Retail to bring in Neiman MarcusReliance Retail (RRL) is understood to be in talks for a strategic alliance with the US-based Neiman Marcus, an upscale, speciality retail ...
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