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Saks Global Enterprises filed for bankruptcy to address mounting losses and a substantial debt load that has weighed down the ...

US luxury retail group Saks Global, the heavily indebted parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf ...

By Luciana Lopez, Nathaniel Meyersohn of CNN with material by Peter Katz, Westfair Communications Saks Global, the parent company of ...

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Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for bankruptcy protection late Tuesday, according to court documents filed in US Bankruptcy Court in Houston, Texas.

The company had struggled with a heavy debt load following its acquisition of Neiman Marcus. Even before the Neiman deal in ...

The move comes just over a year after debt investors handed Saks billions of dollars of new debt to help fund its acquisition ...