Luxury Retail
The early weeks of 2026 have delivered a seismic shock to the high-end retail sector, as the long-feared “Debt Wall” finally claimed its most prestigious victims. On January 13, 2026, Saks Global—the powerhouse formed by the ambitious merger of Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman—filed for
Saks Global
In a move that signals a seismic shift in the American luxury landscape, Saks Global, the powerhouse entity formed through the high-profile merger of Saks Fifth Avenue and Neiman Marcus, has filed for Chapter 11 bankruptcy protection. The filing, entered today, January 14, 2026, in the U.S. Bankruptcy Court
Tapestry
New York, NY – Tapestry Inc. (NYSE: TPR), the parent company of iconic luxury brands Coach, Kate Spade, and Stuart Weitzman, saw its shares plummet by a staggering 16% recently, making it one of the leading decliners on the S&P 500 (NYSEARCA: SPY). This significant drop was triggered by