Neiman Marcus
Saks Global’s Reemergence: Wholesale, Consignment and Concessions
The retailer is due to exit bankruptcy with a business that's still led by wholesale, but also includes a…
Former CEO Richard Baker Objects to Saks Global’s Plan of Reorganization
Baker is looking to maintain indemnification rights secured under his separation agreement with the retailer.
Neiman Marcus Downtown Dallas Flagship Closing
The city of Dallas was in talks for months with Saks Global, owner of Neiman's, attempting to keep the…
Saks Global’s Bankruptcy-era Sales Tally $1.6B With Heavy Reorg Costs
The company is on track to be on much firmer footing when it reemerges from bankruptcy and finally completes…
Saks Global Leans in Toward Bankruptcy Exit
An updated plan of reorganization detailed the company's new board, a key litigation trust and more.
Saks Global Creditors Drop Demand for Info as Baker, Putnam Provide Docs
Former executives Richard Baker and Ian Putnam both provided documents last month to the creditors committee…
Saks Global Is Setting Up a Litigation Trust With Creditors to Pursue Potential Claims
The trust was the key amendment to the company's bankruptcy disclosure statement, which the court approved on…
Saks Global Triggers Corporate Layoffs
The downsizing impacts about 640 workers, representing 16 percent of the company's corporate workforce, but…
The Saks Global Lenders in Line to Potentially Own the Retailer After Bankruptcy
A recent court filing updated the membership and holdings of the ad hoc group of lenders that gave the…
Bankruptcy Court Approves Saks Global’s $500M Exit Financing Package
The approval helps set the company up for life after Chapter 11.
FSF Debuts New Footwear-focused Scholarship in Memory of Late Neiman Marcus Shoe Buyer Steve Cross
The goal is to raise $10,000 to support a future footwear designer.
Richard Baker Moves to Quash Subpoena From Saks Global Creditors
The former CEO argued in a court filing that the retailer is better placed to provide most of the information…
HBC Committee Join Creditors in Seeking Info From Former Saks Global CEO Richard Baker
A committee of HBC GP's board said that, like creditors, it has also been unable to get the full cooperation…
Saks Global Creditors Demand Former CEO Richard Baker Turn Over Documents
The Rule 2004 filing by the creditors committee has a long list of information required, including…
Saks Global Lays Out Initial Reorganization Plan, Axes Corporate Jet
The company is laying the groundwork to negotiate a step-by-step plan to wrap up the bankruptcy process.