Saks Neiman Marcus bankruptcy suppliers.

Versace merchandise is on display at Saks Fifth Avenue on Friday, Jan. 16, 2026 in New York. (AP Photo/Anne D'Innocenzio)

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

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 with Amazon, one of Saks Global’s minority investors. Saks Global said last week it had secured roughly $1.75 billion to help finance the company through legal proceedings and toward hoped-for profitability. The company said it would honor all customer loyalty programs compensate vendors and continue to pay employees while seeking approval for its plan to satisfy its outstanding liabilities, which ranges from $1 billion to $10 billion, according to court documents.

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