<div id="readability-page-1"><div><p>This is one of the largest bankruptcies in luxury retail since the pandemic. On Tuesday evening, Saks Global, parent company of Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus, filed for bankruptcy in the United States. The group reported between $1bn and $10bn in assets and liabilities to the Houston bankruptcy court. The filing comes less than a year after a $2.7bn merger with Neiman Marcus, backed by Amazon, Salesforce and Authentic Brands, which was intended to create a US champion in upmarket retail.</p><p> Behind the scenes, a $1.75bn rescue plan is taking shape. According to Reuters, this includes a $1bn emergency loan led by Pentwater Capital Management and Bracebridge Capital, as well as a $250m asset-backed facility. If the restructuring succeeds, Saks Global could raise up to aother $500m to support its turnaround. The goal is to keep stores operating and avoid an outright liquidation.</p><h2> Luxury brands highly exposed</h2><p>However, the collapse is weakening the entire luxury supply chain. Unsecured creditors include Chanel ($136m), Kering ($60m) and LVMH ($26m). As major brands increasingly focus on direct-to-consumer sales and online retail giants take market share, Saks' debacle highlights the limits of the traditional department-store model.</p></div></div>

路易威登(ADR)

開雲(ADR)

<p>Saks Global，Saks Fifth Avenue 的母公司，申請破產，標誌着奢侈品零售領域的一個重大事件。該公司報告的資產和負債在 10 億到 100 億美元之間。一個 17.5 億美元的救助計劃正在制定中，其中包括 10 億美元的緊急貸款。破產對香奈兒、開雲和 LVMH 等奢侈品牌產生影響，面臨大量無擔保債權人的索賠。這一情況凸顯了傳統百貨商店在向直接面向消費者銷售轉型過程中所面臨的挑戰</p>

香奈兒、開雲和路易威登在 Saks 破產後遭遇重大損失