News Brief: Saks Global Files for Chapter 11 Bankruptcy
Summary
Saks Global, the parent company of luxury retailers Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, has filed for Chapter 11 bankruptcy protection. The filing follows unsustainable debt, largely from its 2024 acquisition of Neiman Marcus, and a prolonged struggle with cash flow and vendor payments.
Key Points
- Bankruptcy Filing: The 159-year-old luxury retail parent company filed for Chapter 11 on Wednesday.
- Leadership Overhaul: Former Neiman Marcus CEO Geoffroy van Raemdonck is the new CEO, leading a revamped team of Neiman Marcus veterans.
- New Financing Secured: The company obtained $1.75 billion in new financing, including $1 billion in debtor-in-possession (DIP) funding to operate during bankruptcy.
- Root Causes: The 2024, $2.7 billion debt-heavy acquisition of rival Neiman Marcus exacerbated existing cash flow problems, leading to missed vendor payments and a depleted assortment of goods.
- Store Footprint Review: The company is “evaluating its operational footprint,” signaling likely store closures in the coming months to cut costs.
- Expected Reorganization: Saks Global aims to emerge from bankruptcy later this year.
新闻简报：Saks Global 申请第11章破产保护
摘要
旗下拥有萨克斯第五大道、尼曼马库斯和波道夫·古德曼等奢侈零售商的母公司 Saks Global 已根据美国破产法第11章申请破产保护。此次申请源于其不可持续的债务（主要来自2024年对尼曼马库斯的收购）以及长期的现金流和供应商付款问题。
关键要点
- 破产申请：这家拥有159年历史的奢侈零售母公司于周三提交了第11章破产申请。
- 领导层大换血：尼曼马库斯前首席执行官 Geoffroy van Raemdonck 出任新CEO，领导一个由尼曼马库斯老将组成的新团队。
- 获得新融资：公司获得了17.5亿美元的新融资，其中包括10亿美元的”债务人持有资产”融资，用于破产期间维持运营。
- 根本原因：2024年以27亿美元债务融资方式收购竞争对手尼曼马库斯，加剧了公司原有的现金流问题，导致拖欠供应商货款和商品品类减少。
- 审查门店网络：公司正在”评估其运营足迹”，暗示未来几个月可能关闭门店以削减成本。
- 预期重组：Saks Global 目标在今年晚些时候完成破产重组。
Original Article Link: https://www.cnbc.com/2026/01/14/saks-global-files-for-bankruptcy-protection.html