Saks Fifth Avenue Owner Files for Bankruptcy
The parent company of luxury retailer Saks Fifth Avenue has filed for bankruptcy protection. Get the latest details on this major business development and its potential impact.
Category : Search result: Saks Global bankruptcy
Luxury Retailer Saks Global Files for Bankruptcy
Luxury retail giant Saks Global has filed for bankruptcy protection as it prepares for a significant corporate restructuring. Get the latest details on this major business development.
Saks Global Files for Bankruptcy Protection
Luxury retail giant Saks Global, owner of Saks Fifth Avenue and Neiman Marcus, files for Chapter 11 bankruptcy. The company secures $1.75B in financing to keep stores open while restructuring massive debt.
Saks CEO Baker Exits as Luxury Retailer Nears Bankruptcy
Richard Baker departs as CEO of Saks Global Enterprises just days after appointment, as the luxury retail conglomerate prepares for Chapter 11 bankruptcy protection. Read the latest on the leadership shakeup.
Bankrupt B.C. man's lavish lifestyle puzzles court
A British Columbia court is investigating how a bankrupt man maintains an extravagant lifestyle with no clear source of income. The case raises questions about financial disclosure.
Saks Plans Chapter 11 Bankruptcy Filing as Soon as Sunday
Iconic luxury retailer Saks Global Enterprises is preparing to file for Chapter 11 bankruptcy protection, marking a dramatic fall for the 150-year-old brand. Get the full story on the financial crisis.
Saks CEO Steps Down as Bankruptcy Looms
Marc Metrick, CEO of luxury retailer Saks Global, has stepped down as the company faces potential bankruptcy. Get the latest details on this major business shakeup.
Saks Skips $100M Bond Payment Amid Creditor Talks
Cash-strapped Saks Global Enterprises misses a major interest payment as it negotiates with creditors, following a sharp decline in its bonds and recent debt restructuring.
Saks Considers Bankruptcy as $100M Payment Looms
Luxury retailer Saks Global Enterprises, burdened by debt from its Neiman Marcus deal, is exploring Chapter 11 bankruptcy ahead of a critical $100+ million payment due December 30. Read the full analysis.
Lomborg: 12 Smart Global Investments for 2026 Cost $35B
Economist Bjorn Lomborg argues that 12 targeted projects costing US$35 billion could outperform the UN's $10 trillion Sustainable Development Goals. Discover the data-driven priorities for 2026.
Vancouver's UpMeals bankrupt amid fraud allegations
Vancouver entrepreneur Drew Munro faces fraud accusations and a potential criminal probe as his meal-prep company UpMeals collapses into bankruptcy. Read the full story.
Roomba Maker iRobot Files for Bankruptcy, Pursues Buyout
iRobot, the pioneering company behind the Roomba vacuum, has filed for Chapter 11 bankruptcy and is seeking a buyer for its manufacturing business. Get the full story on this tech industry shakeup.
Cadillac Fairview Sues Hudson's Bay Over Saks Stores
Major Canadian property developer Cadillac Fairview takes legal action against Hudson's Bay Company over former Saks Fifth Avenue retail locations. Get the full story on this high-profile commercial dispute.
Court expands Evergrande asset freeze on ex-wife's $220M
A Hong Kong court has strengthened an injunction freezing $220M in assets of Evergrande founder's ex-wife across Canada and other jurisdictions, aiding liquidators in the massive corporate collapse.
Canada's gendered foreign aid spending continues
Canada continues funding $1.73 billion in gender-focused foreign aid projects despite PM Carney's policy change. Includes gender-just rice and feminist demining programs.
Carney's 44-day global travel cycle questioned
Analysis reveals Prime Minister Mark Carney travels the globe every 44 days. Does this intense international schedule truly benefit Canadians?
CPP Investments joint venture acquires Indian logistics parks
CPP Investments' joint venture in India acquires six logistics parks, expanding its global real estate footprint. Discover the strategic move's impact on Canada's pension fund.
Companies Tone Down Price Hikes as Tariff Fog Clears
Major corporations are scaling back price increase discussions as international tariff uncertainties resolve. Learn how this shift impacts Canadian consumers and the global economy.
Asian Shares, U.S. Futures Advance After Wall St Gains
Asian stock markets mostly rose and U.S. futures advanced following positive momentum from Wall Street. Get the latest on global market trends and economic indicators.
Worldwide Travel Time Similarity Impacts Future Emissions
New research reveals daily travel time remains consistent globally at 1.1 hours, presenting critical implications for future transportation emissions and urban planning strategies worldwide.
Carney: Nostalgia Not a Strategy at G20 Summit
Canadian PM Mark Carney urges global unity at G20 summit, warning against protectionism as U.S. boycott highlights fragmentation. Key leaders discuss multilateralism's future.
G7 security meeting targets global crime organizations
G7 security officials prioritize dismantling international criminal networks in latest meeting. European official confirms global crime groups are key focus area for enhanced cooperation.
Carney says global power shifting at G-20 without U.S.
Canadian PM Mark Carney declares the global economic center is shifting as G-20 nations make progress without U.S. participation. Read about Canada's new international partnerships.
Sonder: From McGill dorm startup to bankruptcy
The dramatic rise and fall of Sonder, the Montreal-born hospitality startup that challenged Airbnb before filing for bankruptcy in 2025. Learn how a student side hustle became a billion-dollar company.
COP30 Reaches Global Climate Deal on Fossil Fuels
A new global climate deal emerges from COP30 in Brazil, aiming to accelerate the transition away from fossil fuels. Read the details on the hard-fought agreement.
U.S. Ambassador Hoekstra Accused of Meddling in Canada
Ottawa Citizen readers criticize U.S. Ambassador Pete Hoekstra for diplomatic interference, discuss food insecurity crisis, and praise local restaurateur Stephen Beckta's community impact.
Model U.N. Conference Coming to Banff in 2025
Students from around the world will gather in Banff for an international Model United Nations conference, fostering global diplomacy and leadership skills among youth.
G20 draft declaration reveals climate change compromises
G20 leaders' draft declaration shows significant compromises on climate language ahead of summit. Fossil fuel phase-out language softened amid global divisions.
Japan Exports Rise Globally But Fall to US Under Tariffs
Japan's exports surged 8.5% globally in recent data, but shipments to the US declined significantly due to Trump administration tariffs. Learn how trade patterns are shifting.
Canada pledges $1B to fight global infectious diseases
Canada announces a major $1 billion contribution to the Global Fund, reinforcing its leadership in the global fight against infectious diseases like HIV, TB, and malaria.
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