Saks Global Holdings LLC (Saks Global), the parent company of Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman and Saks Off 5th, has made several high-profile moves in recent weeks amid speculation that it is preparing to file for Chapter 11 bankruptcy. According to published reports, the company failed to make an interest payment of over $100 million on its bonds that was due on Dec. 30, 2025.
Saks Global is reportedly seeking funding to keep its businesses afloat. In the meantime, the company has sold the two-city block Neiman Marcus site in Beverly Hills to the New York-based private real estate firm Ashkenazy Acquisition Corp. Neiman Marcus, located at 9700 Wilshire Blvd., will remain operational.
