business

Saks Global files for bankruptcy, shakes up leadership after a year of struggles - Retail Dive

Former Neiman Marcus Group chief ​​Geoffroy van Raemdonck, now CEO, is bringing on a fresh slate of executives — and has a $1.75 billion financing package to work with.

By:Daphne Howland
Source:Retail Dive
Published:
Saks Global files for bankruptcy, shakes up leadership after a year of struggles - Retail Dive
Dive Brief:
  • Saks Global on Wednesday filed for Chapter 11 in the U.S. Bankruptcy Court for the Southern District of Texas. The move comes after a year of financial struggles following a $2.7… [+3314 chars]

Related News

Dow set to fall more than 300 points on Trump’s new tariff threat over Greenland: Live updates - CNBC
business

Dow set to fall more than 300 points on Trump’s new tariff threat over Greenland: Live updates - CNBC

Stock futures on Monday night pointed to a downbeat session on Wall Street as President Donald Trump intensifies his rhetoric on Greenland.

CNBC•Pia Singh
People Are Sharing The Foods That Have "Quietly Vanished" From Society Without Anyone Realizing - BuzzFeed
business

People Are Sharing The Foods That Have "Quietly Vanished" From Society Without Anyone Realizing - BuzzFeed

"It used to be available both in restaurants and in the freezer sections. Now I never see it in either."

Buzzfeed•Abby Zinman
North Star to lay off 100+ employees - WWNY
business

North Star to lay off 100+ employees - WWNY

A North Country health care system is preparing to lay off more than 100 employees.

WWNY•7 News Staff
Back to News