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Saks parent files for bankruptcy

Name: Saks parent files for bankruptcy
Uploaded: 2026-01-14T16:44:00-0600
Duration: 26 s
Description: The parent company of Saks Fifth Avenue has filed for bankruptcy, marking one of the first major retail collapses of the year. The company had been weighed down by heavy debt after acquiring Neiman Marcus in 2024 for nearly $2.7 billion.

The parent company of Saks Fifth Avenue has filed for bankruptcy, marking one of the first major retail collapses of the year. The company had been weighed down by heavy debt after acquiring Neiman Marcus in 2024 for nearly $2.7 billion.