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Saks mulls bankruptcy year after raising billions for turnaround

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December 23, 2025

Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort, according to people with knowledge of the situation.

Saks Fifth Avenue

The company is also weighing additional ways to shore up liquidity, including raising emergency financing or selling assets, the people said, asking not to be identified because they’re not authorized to speak publicly. Separately, some Saks lenders have held confidential talks in recent days to assess the company’s cash needs, according to other people familiar with the matter. Those discussions have focused on a potential debtor-in-possession loan, a form of bankruptcy funding.

Saks raised billions of dollars from bond investors late last year to finance a bold turnaround plan centered on the acquisition of Neiman Marcus, betting that scale would revive the struggling luxury retailer. Instead, the deal deepened the company’s debt burden and failed to resolve long-running issues with vendors, many of whom halted shipments amid missed payments, accelerating losses.

In June, Saks persuaded creditors to provide hundreds of millions of dollars more as part of a debt deal that reshuffled repayment priorities, creating multiple tiers of bondholders with differing claims on the company’s assets. Even those securities have since plunged, underscoring concern among investors that the turnaround effort is running out of time.

“Together with our key financial stakeholders, we are exploring all potential paths to secure a strong and stable future for Saks Global and advance our transformation while delivering exceptional products, elevated experiences and personalized service to our customers,” a representative for Saks said via email. PJT Partners, which is advising the company, declined to comment.

The tie-up with Neiman last year was intended to create a multibrand luxury giant powered by the technology of new high-profile investors, which included Amazon.com Inc. and Salesforce Inc. But by May, bondholders were already facing paper losses of more than $1 billion as the plan stumbled.

Following the restructuring, Saks in October cut its full-year guidance after reporting declining sales tied to inventory management challenges, as it continued to delay payments to some vendors to conserve cash.

Saks faces interest payments of more than $100 million due Dec. 30, according to data compiled by Bloomberg. The $941 million portion of Saks’ second-out notes restructured in August traded at about 7.5 cents on the dollar on Monday, down from roughly 36 cents two weeks earlier, according to Trace pricing. About $762 million of more senior debt was quoted at around 48 cents.



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Disney takes fashion world by storm with new collaborations, activations

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December 23, 2025

Disney is expanding its universe of fashion collaborations, spanning special collections, first-of-their-kind activations and initiatives with leading fashion retailers.

Disney x K-Way

Disney puts a K-Way on Mickey Mouse — and more!

For the festive season, Disney has launched a limited-edition capsule with K-Way, a BasicNet brand, to celebrate the carefree spirit of childhood and the evocative power of memory. The capsule draws inspiration from a “shared nostalgia” in which the brand’s iconic pieces are reinterpreted with characters from Disney’s past.

The graphics feature some of the most beloved cartoon characters: Mickey Mouse, the Cheshire Cat from “Alice in Wonderland”, the Genie from “Aladdin” and Stitch. These characters animate five Le Vrai jackets and five T-shirts for adults, as well as five Le Vrai styles for children.

The capsule, distinguished by a vibrant colour palette of fuchsia, light blue, pink and blue, will be available at selected K-Way flagships in Italy, London and France, as well as online at the brand’s official website.

Bambi and Cinderella sparkle in London with Swarovski

Until January 3,mcharacters from Disney classics, embellished with Swarovski’s signature brilliance, will take up residence at The Corner Shop at Selfridges in London, transforming the store’s windows into installations brimming with nostalgia and wonder.

The window with a crystallised model of Bambi
The window with a crystallised model of Bambi

The Oxford Street window is inspired by the film Bambi, featuring a crystallised model of the famous deer, while the Duke Street windows recreate iconic images from “Cinderella”, “101 Dalmatians” and “Beauty and the Beast”, including a crystal slipper and the Beast’s rose encased in a decorated glass bell jar.

For the occasion, the Austrian house has brought two installations from Swarovski Kristallwelten in Wattens to the British capital, one inspired by “Alice in Wonderland” and the other taking its cue from “|Dumbo”.

Swarovski x Disney
Swarovski x Disney

“For 20 years, Swarovski and Disney have enchanted customers around the world with collections that combine our mastery of the art of crystal with some of Disney’s most beloved characters. The enchanting installation at the iconic Selfridges Corner Shop is the perfect way to celebrate this milestone and welcome the magic of the festive season to one of the world’s most prestigious department stores,” said Myrtille Clément-Fromentel, chief brand officer at Swarovski.

An exclusive area dedicated to Disney opens at Primark in Paris

After last year’s success in Orlando, the magical world of Disney arrives at Primark’s Val d’Europe store, just ten minutes from Disneyland Paris. The space, spanning more than 370 square metres, is entirely dedicated to official Disney, Marvel and Pixar products and is located on the first floor of the store, which opened in 2017.

The Disney area inside Primark
The Disney area inside Primark

The expanded selection includes soft toys, fashion, homeware and accessories, all at affordable prices. The collections, designed for all ages, are inspired by iconic characters such as Mickey & Friends, Stitch, Bambi and Winnie the Pooh. New in-store additions include the Disney’s Magical Christmas collection, which features coordinating festive sets for the whole family.

The new shop-in-shop represents Primark’s largest dedicated Disney retail experience in Europe and marks another important milestone in the historic Primark and Disney partnership, which began in 2011.

“Primark has developed a strong and successful partnership with Disney over the past 14 years, becoming one of the leading retailers of official merchandise in Europe. The opening of the new dedicated Disney area at Val d’Europe is another strategic step for Primark, offering a unique experience for fans visiting the park and beyond!” said Sarah Jackson, Primark’s global licensing director.

Minnie and Mickey on the track
Minnie and Mickey on the track

Disney takes to the track with Formula 1

“Fuel the Magic” debuted at the Las Vegas Grand Prix, with Disney characters enlivening the late November race weekend with performances and a premium merchandise collection.

On the starting grid, Mickey Mouse, Minnie, Donald Duck, Daisy Duck, Goofy and Pluto wore pieces from the Disney x Formula 1 collection, accompanied by the Disneyland Band. The looks are on sale at Disney Store and at the F1 Las Vegas Hub at The Venetian Resort in Las Vegas. Also present at the event was Bobby Kim, founder of The Hundreds and vice-president of Creative for the Americas at Disney Consumer Products.

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Zales unveils new modern jewelry retail concept

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December 23, 2025

Fine jewelry retailer Zales has unveiled a new retail concept in four markets with additional locations planned for 2026.

Zales unveils new modern jewelry retail concept. – Zales

Dubbed “The Edit”, the retail concept is designed to feel more like a destination than a traditional jewelry store, blending open layouts, digital tools and curated storytelling with Zales’ established high-touch service model.

Each location features rotating seasonal collections, interactive displays and dedicated areas for customisation. Shoppers can personalise pieces, engage with digital tools that allow them to scan products and build virtual trays of favourites, and access one-on-one consultations in collaborative spaces designed for styling advice, custom design and community events.

The Edit is currently open at Chandler Fashion Center in Chandler, Arizona; Cherry Creek Shopping Center in Denver; and Barton Creek Square Mall in Austin. An additional location is planned for Atlanta’s Cumberland Mall and Jacksonville’s St. John’s Plaza in early 2026, following the opening of a second Atlanta-area store at South Point Shopping Center.

“The Edit reflects how our customers want to experience jewelry today—hands-on, connected, and personal,” said Zales president, Kecia Caffie. “It’s about creating a space where discovery feels effortless and every piece tells a story.”

The Edit marks a key step in Zales’ ongoing transformation following its 2025 “Own It” rebrand. The company currently operates more than 422 stores nationwide.

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Bottega Veneta opens new store in New York

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December 23, 2025

Bottega Veneta has opened a new store in New York City, unveiling a 312-square-metre location at 58 Gansevoort Street in the heart of the Meatpacking District.

Bottega Veneta opens new store in New York. – Bottega Veneta

The interior is characterized by concrete flooring and walls, natural oak shelves, and shelf and panel details in green Verde Saint Denis marble. Custom display cabinets are complemented by a selection of furniture, including pieces by Jorge Zalszupin and Lea Colombo. A glass vase by Venetian glassmaker Orsoni, founded in 1888, references the brand’s Italian heritage.

A dedicated display cabinet highlights Bottega Veneta’s signature colour palette and the craftsmanship behind its Intrecciato leather weave, which was introduced 50 years ago.

The store also reflects the cultural history of the Meatpacking District and Bottega Veneta’s longstanding ties to New York’s creative community. An in-store library focused on poetry and painting features works such as Robert Rauschenberg’s illustrations for Dante’s Inferno, Etel Adnan’s Between East & West, and Ed Roberson’s Road Poems, alongside a curated selection of artworks.

The store carries the house’s full men’s and women’s assortment, including bags, ready-to-wear, shoes and small leather goods, alongside eyewear, jewellery, fragrance and travel collections.

Founded in Vicenza, Italy, in 1966, Bottega Veneta opened its first New York store on Madison Avenue in 1972. The latest opening reinforces Bottega Veneta’s presence in one of Manhattan’s most prominent luxury retail areas. 

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