Saks Global—the parent company of Saks Fifth Avenue and Neiman Marcus—filed for bankruptcy protection early on Wednesday, following debt struggles and sliding sales just a year after the two luxury department stores completed a $2.7 billion merger. Read the full story on Forbes: https://www.forbes.com/sites/siladityaray/2026/01/14/saks-fifth-avenue-and-neiman-marcus-owner-files-for-chapter-11-bankruptcy/ Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Fuel your