Saks Fifth Avenue

Saks’ bankruptcy filing creates uncertainty for iconic stores, suppliers, shoppers

January 31, 2026 Anne D Innocenzio

NEW YORK — An appeal for bankruptcy protection filing of the operator of Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus has left the luxury department stores’ suppliers with unpaid bills and caused a rift […]

Milan’s Via Montenapoleone usurps Fifth Avenue as world’s most upscale shopping street

December 21, 2024 Colleen Barry

MILAN — Shoppers laden with bags from Fendi, Loewe, Prada and other designer labels clog the narrow sidewalks of Milan’s swankiest shopping street, bringing joy to the purveyors of high-end luxury goods this, and every, […]

Saks to buy struggling Neiman Marcus Group

July 13, 2024 The Associated Press

NEW YORK — The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus Group, which owns Neiman Marcus and Bergdorf Goodman stores, for $2.65 billion, with online behemoth […]