The owner of Saks Fifth Avenue dropped plans to raise up to $900 million in debt after prospective investors requested a higher interest rate than the company was willing to pay, sources said.

A letter by the creditor suggests that combining the two luxury retailers would create between $2.8 billion and $4.7 billion of value.

The retailer will become the first major US department store to succumb to Covid-19's economic fallout, sources say.

Uncontrollable forces made the fashion industry shift the way it operates this past month, offering a moment to contemplate some bold changes.

This week, the CEO of Saks owner Hudson’s Bay Company steps down, as does the CEO of Printemps.

This week, everyone will be talking about Paris Fashion Week, the bid to take Saks' owner private and a trio of earnings reports by fashion technology companies. Get your BoF Professional Cheat Sheet.

After a year of dismal sales growth, closures and bankruptcies, the multi-brand retailers still standing continue to face an uphill battle. Where’s the hope?

Minority investors including Catalyst had opposed the previous bid, saying it undervalues the company’s real estate and that it didn’t provide enough disclosure to shareholders.