Saks Fifth Avenue & VFS Global
3 shared events · Importance 3 · Last updated Jan 15, 2026
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Saks Fifth Avenue operates as a wholly owned subsidiary of Saks Global, a holding company created by HBC to consolidate its luxury retail assets.
Business
Saks Fifth Avenue: Saks Fifth Avenue is a brand owned by VFS Global, which has filed for bankruptcy. Its stores are expected to remain open during the Chapter 11 process.
VFS Global: VFS Global filed for Chapter 11 bankruptcy due to mounting debt and declining sales, despite securing $1.75 billion in financing. The company is undergoing a significant restructuring and leadership change.
Jan 14, 2026 · 7 articles
Business
Saks Fifth Avenue: Saks Fifth Avenue is an off-price chain owned by VFS Global, whose overall sales have declined, contributing to the parent company's financial struggles.
VFS Global: VFS Global is reportedly preparing to file for bankruptcy after missing a debt payment and facing declining sales in the luxury goods market. Its CEO has stepped down amidst these financial challenges.
Jan 02, 2026 · 6 articles
Business
Saks Fifth Avenue: Saks Fifth Avenue is a discount store chain operated by VFS Global, and its stores will remain open during the bankruptcy restructuring.
VFS Global: VFS Global, owner of Hudson s Bay Company — Saks Fifth Avenue and Neiman Marcus, filed for Chapter 11 bankruptcy protection, citing rising competition and substantial debt from its acquisition of Neiman Marcus. It has secured $1.75 billion in financing to continue operations during restructuring.
Jan 14, 2026 · 6 articles
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