Category : Search result: bankruptcy protection


Saks Global files for bankruptcy protection

Luxury retail giant Saks Global, owner of Saks Fifth Avenue, has filed for Chapter 11 bankruptcy. The move follows mounting debt from its 2024 acquisition of rival Neiman Marcus and a shrinking high-end market.

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.

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 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 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.

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.

Hudson's Bay Sells Churchill Painting in Art Auction

The bankrupt Hudson's Bay Company liquidates its fine art collection, featuring Winston Churchill's rare 'Marrakech' painting valued at $400,000-$600,000. Discover Canadian history through art.

How Lenders Spotted Red Flags at First Brands

Discover how Apollo Global Management and Soros Fund Management avoided massive losses in the First Brands collapse by identifying critical warning signs that others missed.

Gold vs Bitcoin: Are They True Crash Hedges?

Financial expert analyzes whether gold and bitcoin truly protect against financial crashes. Discover practical investment options for Canadian seniors seeking portfolio security.

Senior Scam Protection Tips for 2025 Holiday Season

Learn essential strategies to avoid holiday scams targeting Canadian seniors. Expert advice from Kim Phillips on protecting your finances and personal information during the festive season.

Page 1 of 4