CFOs Take Center Stage at Global Fashion Summit
Neiman Marcus
Saks Global Creditors Drop Demand for Info as Baker, Putnam Provide Docs
Former executives Richard Baker and Ian Putnam both provided documents last month to the creditors committee…
Saks Global Is Setting Up a Litigation Trust With Creditors to Pursue Potential Claims
The trust was the key amendment to the company's bankruptcy disclosure statement, which the court approved on…
Saks Global Triggers Corporate Layoffs
The downsizing impacts about 640 workers, representing 16 percent of the company's corporate workforce, but…
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The Saks Global Lenders in Line to Potentially Own the Retailer After Bankruptcy
A recent court filing updated the membership and holdings of the ad hoc group of lenders that gave the…
Bankruptcy Court Approves Saks Global’s $500M Exit Financing Package
The approval helps set the company up for life after Chapter 11.
FSF Debuts New Footwear-focused Scholarship in Memory of Late Neiman Marcus Shoe Buyer Steve Cross
The goal is to raise $10,000 to support a future footwear designer.
Richard Baker Moves to Quash Subpoena From Saks Global Creditors
The former CEO argued in a court filing that the retailer is better placed to provide most of the information…
HBC Committee Join Creditors in Seeking Info From Former Saks Global CEO Richard Baker
A committee of HBC GP's board said that, like creditors, it has also been unable to get the full cooperation…
Saks Global Creditors Demand Former CEO Richard Baker Turn Over Documents
The Rule 2004 filing by the creditors committee has a long list of information required, including…
Saks Global Lays Out Initial Reorganization Plan, Axes Corporate Jet
The company is laying the groundwork to negotiate a step-by-step plan to wrap up the bankruptcy process.
Saks Global Secures $500M in Financing, Expects to Exit Bankruptcy This Summer
The luxury retailer is progressing through its court-supervised restructuring and positioning to reemerge…
How Saks Global’s Business Started to Wake Up in Bankruptcy
The retailer began to come back to life as DIP funding and court supervision gave vendors more confidence in…
Surprise Reversal: Neiman’s in White Plains, Saks in Sarasota and Palm Desert to Stay Open
Saks Global said there are no plans to reconsider additional announced closures at this time.
Who Was Saks Global Paying Before the Bankruptcy?
The luxury retailer paid out $1.4 billion to creditors in the three months before succumbing to Chapter 11 in…
Saks Global CEO Pay, Past and Present
Current CEO Geoffroy van Raemdonck received an $8.5 million sign-on payment when he stepped in to stabilize…