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Agenda-setting intelligence, analysis and advice for the global fashion community.

Luxury Brands Are Making a Big Bet on Saks. Will It Come Back to Haunt Them?

Vendors have long complained that Saks was slow to pay its bills. Yet even as a bankruptcy filing for the department store giant appears imminent, many say they plan to continue to work with the retailer.
Woman walking past Saks Fifth Avenue building
Hundreds of brands are thinking through their relationship with Saks as the clock ticks down. (Getty Images)

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Further Reading

Can the Multibrand Fiasco Be Salvaged in 2026?

Matches is plotting yet another reboot, Ssense has a restructuring lifeline and an interest payment looms for Saks. Together, they signal an industry in crisis, but hope springs eternal.

About the author
Cathaleen Chen
Cathaleen Chen

Cathaleen Chen is Retail Editor at The Business of Fashion. She is based in New York and drives BoF’s coverage of the retail and direct-to-consumer sectors.

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