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...
14 Jan, 2026, 04.09 PM IST
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...
24 Dec, 2025, 12.55 AM IST
‘Land of the White Jaguar’ discovered, archaeologists finally locate lost Maya rebel stronghold in southern MexicoArchaeologists in Mexico have identified the long-lost Maya city of Sak-Bahlán, or the “Land of the White Jaguar,” a stronghold of Indigeno...
01 Aug, 2025, 02.01 PM IST
Sydney Sweeney launches lingerie brand with $1 billion boost from Jeff Bezos-backed firmSydney Sweeney, the famous actress, is starting her own lingerie brand. This venture has financial support from Coatue, a firm linked to Je...
11 Jul, 2025, 12.48 AM IST
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...
03 Jul, 2025, 12.16 AM IST
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...
29 Apr, 2025, 06.47 PM IST
Reliance to bring American luxury retailer Saks Fifth Avenue, enters into franchise agreementReliance Retail is expanding into the luxury segment by introducing Saks Fifth Avenue to India and forming a franchise arrangement with the...
16 Jan, 2025, 09.58 PM IST
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...
05 Jul, 2024, 12.46 AM IST
Cheap Russian drone a menace to Ukrainian troops and equipmentRussia's defence ministry has been encouraging an increase of production of the Lancet as a cheap way to hit high-value western equipment g...
28 Jun, 2023, 02.46 PM IST
Ukraine builds layered air defences as Russia ramps up strikesRussia has unleashed regular long-distance missile and drone attacks since October, but it seriously increased strikes in May as Ukraine pr...
20 Jun, 2023, 02.53 PM IST
Thailand's 'floating train' is a big hit with touristsTickets have been selling out fast in Thailand for rides on the special "floating train" that runs from Bangkok to Pa Sak Jolasid Dam
07 Nov, 2022, 02.27 PM IST
Saks Fifth Avenue, Aditya Birla drop 1st desi store planWhen TOI reached out to Hudson’s Bay Company, a spokesperson said, “We do not comment on rumours and speculations.”
18 Dec, 2017, 01.20 PM IST
Saks Fifth Avenue sets up 1,000-seat centre in IndiaSeveral of the technology centres in India are focusing on creating an omni-channel model that integrates their physical and online stores.
16 Aug, 2017, 12.50 PM IST
India could develop a digital payment system that others will envy, says a US-based payments tech firm chiefWith the recent push, a shift from cash to digital currency could also give a boost to the country’s economic growth.
15 Mar, 2017, 06.07 PM IST
Saks appoints Aditya Birla Fashion to open first Indian outletAditya Birla Group is in a late stage of discussions” to lease 100,000 sq ft of space in Worldmark 2, where the first Saks outlet in India ...
20 Feb, 2017, 12.20 AM IST
- Global retailers revive India plan;Await cabinet approval for FDI in multi-brand to break into desi market
List of international retailers looking at India as a priority market for expansion include South Korea's Lotte, Thailand's Central Group a...
18 Aug, 2011, 08.44 AM IST
- Jagtiani readies $4 bn joint bid for Saks
After Mittal's M&A hunt propelled him to the status of the world’s biggest steel magnate, it is the turn of Micky Jagtiani to carve out a g...
07 Nov, 2007, 04.28 AM IST