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The Independent UK
The Independent UK
Business
Brendan Rascius

Saks files for bankruptcy, leaving the future of its stores up in the air

Saks Saks Global Neiman Marcus Bergdorf Goodman

Saks Global, the parent company of Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus, filed for bankruptcy, leaving the future of the largest luxury department store group in the United States in limbo.

The company has begun the Chapter 11 process in the U.S. Bankruptcy Court for the Southern District of Texas, it announced in a press release Wednesday.

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