Saks Fifth Avenue parent company files for bankruptcy 

January 15, 2026
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Hallie Jackson NOW

Saks Global, the parent company of the eponymous retail giant as well as luxury department stores Neiman Marcus and Bergdorf Goodman, has filed for bankruptcy. It’s one of the largest retail collapses since the Covid pandemic, and casts further doubt over the future of luxury fashion. NBC News’ Christine Romans reports on the latest following the bankruptcy filing, and how people are reacting to the news. 

Hallie Jackson NOW

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