The move comes 13 months after Saks paid $2.7 billion to acquire its competitor. Since then, the chain has struggled with a reported $4.7 billion debt, according to Retail Dive. Saks has reportedly had trouble paying vendors and is having a hard time obtaining inventory.

Intermodal marketing company STG Logistics announced Monday it has entered into a Chapter 11 restructuring plan.

A local optometry group filed for bankruptcy in the final days of 2025, after a failed chapter filing earlier that year.

When companies file for bankruptcy, often it isn't because they're not cash flow positive. Bankruptcies can happen simply because a company can't generate the cash needed to service its debt. In many cases,

Jan 7 (Reuters) - Auto ‌parts ​supplier First ‌Brands said on Wednesday ​it has launched a marketing ‍and sale process ​for its ​business ⁠as a whole or in parts, as it works to emerge from Chapter 11 bankruptcy. The company, ‌which makes filters, brakes and ​lighting systems, ‌had filed ‍for bankruptcy ⁠protection in September last year.

Saks Global is considering restructuring after being weighed down by debt from its $2.7B deal to acquire Neiman Marcus in 2024.

The filing comes a year after the company completed a high-profile merger combining Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman in a $2.7 billion deal.

Most airlines, both passenger and commercial, lease at least some portion of their fleets. "In the complex world of aviation, one of the key strategies airlines use to optimize their operations is leasing aircraft rather than purchasing them outright,