By Laura Paddison, CNN(CNN) — The world has entered “an era of global water bankruptcy” with irreversible consequences, according to a ne...

Manhattan is down to five full-size department stores — and it's time to worry.

Mayor Zohran Mamdani Attorneys for City Hall and Pinnacle tenants argued for legally binding financial commitments that would compel a n...

DENVER — Colorado bankruptcy filings increased 11.3% last year, but December filings jumped by 28% compared with the same period a year ago,...

In today’s CEO Daily: Fortune leadership reporter Phil Wahba on the new CEO leading Saks Global through bankruptcy.The big story: Trump...

The luxury department store owes billions of dollars to suppliers and vendors. But at its New York City flagship this week, it’s been busine...

Answers to this and other questions about the financial crisis in America’s biggest luxury department store.

The private company said that stores will remain open as it restructures debt. Luxury retailer Saks seeks bankruptcy protection Boston.c...

By ANNE D’INNOCENZIO and ELAINE KURTENBACH, Associated PressThe owner of Saks Fifth Avenue is seeking bankruptcy protection, buffeted by ri...

The luxury retailer has struggled with slow sales and debt relating to its recent acquisition of rival Neiman Marcus.

The announcement comes after Saks missed a $100 million interest payment that was connected to its nearly $2.6 billion acquisition of Neiman...

By Luciana Lopez, Nathaniel Meyersohn, CNN(CNN) — Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for bankrup...

Tenants of the Pinnacle Group in New York City have objected to the sale of their apartments to Summit Properties USA. The company attem...

Mayor Mandani announced his intention to intervene in the bankruptcy sale on his first day in office. The decision poses an early setbac...

SAN JOSE — The owner of a San Jose apartment complex that has teetered on the brink of foreclosure has filed for bankruptcy in a move that i...