Saks Global, the parent company behind the 159-year-old department store that’s become both a destination and a symbol for luxury fashion, filed for Chapter 11 bankruptcy protection on Wednesday after an unsustainable debt pile crushed its business. The company also announced former Neiman Marcus CEO Geoffroy van Raemdonck will immediately take over as chief executive,…
Beleaguered high-end department store conglomerate Saks Global filed for bankruptcy protection on Tuesday, a month after missing the deadline on a $100m interest payment, in one of the largest retail collapses since the pandemic. Barely a year after a deal brought the chains Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus together, Saks Global said…
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Evander Kane won a big victory in his more than two-year-old bankruptcy case, with a judge recently ruling he could walk away from much of his remaining debt after a contentious saga that spotlighted the Edmonton Oilers forward’s self-described gambling addiction. The decision does not yet wrap up the Chapter 7 case, as creditor Hope…
Tax debt relief granted to local governments CdM Read the original article here
OASIS Christian Centre in Redditch, which partners with debt help charity, Christians Against Poverty (CAP), is offering free debt help and Money Coaching courses in 2026 to help people beat the winter blues and take control of their finances. This comes as the charity has revealed that 5.3million UK adults felt Christmas piled extra…
The corporate battlefield: Global insolvencies in times of war economics Allianz Trade Read the original article here
Corporate insolvencies in the Czech Republic have risen sharply in 2025. The Moravian-Silesian Region was particularly affected, followed by Central Bohemia and the capital, Prague. Last year, 6,213 self-employed entrepreneurs in the Czech Republic went bankrupt – an increase of 16 % compared with 2024. At the same time, courts received 6,568 insolvency applications, representing a…
What Does the Saks Bankruptcy Mean for Shoppers? The New York Times Read the original article here
Today (January 14) Woking Foodbank celebrates its 12th birthday, however they say they are getting an increase in a new type of demand Author: Will HarrisPublished 7 hours ago Today (January 14) Woking Foodbank celebrates its 12th birthday, however they say they are getting an increase in a new type of demand. Since they were…