Saks Global Files for Bankruptcy Protection, Secures $1.75B Financing
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Saks Global, the parent of Saks Fifth Avenue and Neiman Marcus, has filed for bankruptcy protection, The Wall Street Journal's Suzanne Kapner and Becky Yerak report. Former Neiman Marcus CEO Geoffroy van Raemdonck has been selected to lead Saks through bankruptcy as its CEO, effective immediately, according to the report, which adds that Saks has secured roughly $1.75B in financing for the process. Publicly traded companies in the space include Macy's (M), Kohl's (KSS), Dillard's (DDS).
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Analyst Views on M
Wall Street analysts forecast M stock price to rise
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 19.780
Low
8.00
Averages
21.33
High
27.00
Current: 19.780
Low
8.00
Averages
21.33
High
27.00
About M
Macy's, Inc. is an omni-channel retail company. The Company operates stores, websites and mobile applications under three brands, Macy's, Bloomingdale's and Bluemercury, which sell a range of merchandise, including apparel and accessories (men's, women's and kids'), cosmetics, home furnishings and other consumer goods. The Company has stores in 43 states, the District of Columbia, Puerto Rico and Guam. Its operations are conducted through Macy's, Macy's Backstage, Macy's small format, Bloomingdale's, Bloomingdale's The Outlet, Bloomie's, and Bluemercury. In addition, Bloomingdale's in Dubai, United Arab Emirates and Al Zahra, Kuwait are operated under a license agreement with Al Tayer Insignia. The principal private label brands offered by the Company include Alfani, And Now This, Aqua, Bar III, Cerulean 6, Charter Club, Club Room, Epic Threads, first impressions, Giani Bernini, Holiday Lane, Home Design, Hotel Collection, Hudson Park, Ideology, I-N-C, jenni, JM Collection, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Brand Influence: Macy's continues to solidify its leadership in the retail market through its iconic brands, including Macy's, Bloomingdale's, and Bluemercury, attracting a broader consumer base.
- Digital Transformation: Headquartered in New York City, Macy's leverages its comprehensive digital and nationwide footprint to provide a seamless shopping experience for customers, further driving sales growth and market share enhancement.
See More
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- Company Background: Headquartered in New York City, Macy's, Inc. operates iconic brands such as Macy's, Bloomingdale's, and Bluemercury, leveraging a comprehensive digital and nationwide footprint to enhance customer shopping experiences.
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