# Saks Global files for bankruptcy

- Link: https://www.widthness.com/saks-global-files-for-bankruptcy/
- Published: 2026-01-16T09:30:00-06:00
- Author: Curated by John Wysocki

Photo: Saks Fifth Avenue in Greenwich, CT – February 8, 2017. Photo credit: Paul Sableman via Wikimedia Commons / Flickr. CC BY 2.0. Article by Molly Liebergall. Morning Brew – January 14, 2026. Prepare for some luxurious going-out-of-business sales. Facing heavy debt and declining revenue, the parent company of Saks Fifth Avenue and Neiman Marcus filed for bankruptcy protection yesterday, a year after the two entities merged in a deal that was supposed to solve everything. […] Click here to view original web page at www.morningbrew.com Related articles: Online giant Amazon tries to choke off financing for luxury retail owner Saks Global – CoStar Despite Saks Fifth Avenue’s bankruptcy filing, your local store isn’t closing — yet – New York Post Is Saks closing stores? What we know amid CEO changes, bankruptcy – USA Today Curated by John Wysocki See Full Bio