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From tariffs to a tumble: being Trump’s friend did not help Arnault

22 Jan 2026
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From tariffs to a tumble: being Trump’s friend did not help Arnault

Tariffs: Mercosur opens South America, but Trump stirs up the north

22 Jan 2026

Tariffs: Mercosur opens South America, but Trump stirs up the north

Londra, New York e poi Milano: così Lineapelle accende il 2026

19 Jan 2026

London, New York and then Milan: how Lineapelle sets 2026 alight

The calm was only apparent: US shoe prices cause alarm

15 Jan 2026
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The calm was only apparent: US shoe prices cause alarm

From the CEO's departure to unpaid debts: Saks heading for bankruptcy Bad news for Saks: failure to pay back interest, the departure of the CEO, and the increasingly likely prospect of filing for Chapter 11 (the main bankruptcy law in the United States) have turned the former luxury giant into a textbook case. A structural crisis, aggravated by debt of nearly $5 billion and compromised profitability. Observers are openly saying that Saks is heading for bankruptcy. In the meantime, the group is trying to buy time: a $1 billion loan is reportedly on the table, which is essential to ensure business continuity, but investor confidence is at an all-time low and suppliers have been turning off the taps for months. Saks heading for bankruptcy The crisis facing the American holding company is nothing new: the acquisition of Neiman Marcus in 2024, celebrated as the birth of a new luxury retail giant, had already weakened a creaking financial structure, as total debt exceeded $4.7 billion, while operating costs skyrocketed. The latest quarterly results paint a clear picture: revenue down 11%, margins eroded by misaligned inventories, and a net loss rising to $288 million. In addition, Saks failed to meet the terms of payment of $100 million in interest to creditors (source: Pambianco). And internal restructuring continues to develop, as three days ago, CEO Marc Metrick announced his resignation. A lifeline? The other critical issue concerns the relationship with suppliers. In February, Saks extended payment terms from 60 to 90 days, promising installment plans for arrears. However, this move further undermined confidence in the supply chain, leading to delivery delays and repercussions on sales. In an attempt to generate liquidity, the group sold real estate assets and considered selling 49% of Bergdorf Goodman. At the same time, it sought new commercial avenues, from Amazon to a joint venture with Authentic Brands Group. The only lifeline now remains new financing: according to the Wall Street Journal, this would be $1 billion, which would include $750 million in new liquidity and the transformation of part of the existing debt. This is an extreme solution that would allow Saks to operate during the bankruptcy proceedings, provided that creditors agree to continue supporting it. Photo from Shutterstock

12 Jan 2026
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From the CEO’s departure to unpaid debts: Saks heading for bankruptcy

2026 will favour brands with a strong identity (or none at all)

18 Dec 2025
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2026 will favour brands with a strong identity (or none at all)

Human Made IPO? Nigo and Pharrell turn streetwear into market value

3 Dec 2025

Human Made IPO? Nigo and Pharrell turn streetwear into market value

JBS Couros and Viva merge to form a leather super-giant

27 Nov 2025

JBS Couros and Viva merge to form a leather super-giant

Trump orders inquiry into the Big Four meatpackers over unfair practices

24 Nov 2025
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Trump orders inquiry into the Big Four meatpackers over unfair practices

Harcourt Bindery, 125 years of leather and hand binding

17 Nov 2025

Harcourt Bindery, 125 years of leather and hand binding

Fashion in 2025? The 17,000 global layoffs say it all

10 Nov 2025
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Fashion in 2025? The 17,000 global layoffs say it all

Quiet, but not with PR: The Row’s slip-up between queues and social media

6 Nov 2025
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Quiet, but not with PR: The Row’s slip-up between queues and social media

Premium insoles: Coats buys OrthoLite for $770 million

3 Nov 2025

Premium insoles: Coats buys OrthoLite for $770 million

The tensions running in tanneries in the U.S. and Argentina

20 Oct 2025

The tensions running in tanneries in the U.S. and Argentina

Trump reignites the Trade War as Cotance calls for the EU–Mercosur pact

16 Oct 2025
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Trump reignites the Trade War as Cotance calls for the EU–Mercosur pact

72,000 Vuitton fakes: record $584 million compensation

6 Oct 2025

72,000 Vuitton fakes: record $584 million compensation

Louboutin, Tod’s, de la Renta, Paul Smith: a round of new appointments

22 Sep 2025
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Louboutin, Tod’s, de la Renta, Paul Smith: a round of new appointments

Lost America: raw beauty at Calvin Klein, minimalist clarity at Khaite

18 Sep 2025
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Lost America: raw beauty at Calvin Klein, minimalist clarity at Khaite

Fashion sets the beat in a New York that opens the month of shows

15 Sep 2025
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Fashion sets the beat in a New York that opens the month of shows

After Dockers, Authentic Brands Group also takes Guess

1 Sep 2025

After Dockers, Authentic Brands Group also takes Guess

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