Luxury conglomerate Saks Global files for bankruptcy protection as Burberry Group plc names itself an unsecured creditor
Saks Global has filed for bankruptcy protection just one year after its formation. Burberry Group plc is an unsecured creditor in this major retail collapse.
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Saks Global, the luxury retail conglomerate that brought together Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, has filed for bankruptcy protection. This filing, occurring on or before January 21, 2026, marks one of the largest retail collapses witnessed since the pandemic. The move comes approximately one year after an acquisition deal intended to unite the three iconic brands under a single luxury powerhouse.
On a post-results call held on Wednesday, January 21, 2026, Joshua Schulman joshua schulman, the CEO of Burberry Group plc , confirmed that his company is listed as an unsecured creditor in the Saks Global proceedings. While acknowledging the United States 
USbased retailer as a very important customer, Joshua Schulmandeclined to provide specific details regarding the financial exposure or material impact the restructuring might have on Burberry Group plc.
USbased retailer as a very important customer, Joshua Schulmandeclined to provide specific details regarding the financial exposure or material impact the restructuring might have on Burberry Group plc.
