Global Scissors

Renowned designer fashion retailer files for Chapter 11 bankruptcy

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Renowned designer fashion retailer files for Chapter 11 bankruptcy

In 1993, Shoshanna Lonstein Gruss, then just Shoshanna Lonstein, became a tabloid darling because she dated Jerry Seinfeld at the height of his sitcom fame. This was before you were famous on social media, but essentially she was one of the first influences and turned the fame of her four-year relationship into a successful career … Read more

After the denials, the 158-year-old retailer may file for Chapter 11

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After the denials, the 158-year-old retailer may file for Chapter 11

“The lady protests too much, I think.” Sometimes the classics tell the story, and in this case Shakespeare’s Hamlet applies. Earlier this month, TheStreet published an analysis of Saks Global’s financial situation. It didn’t paint a pretty picture. Ragini Bhalla, chief brand officer and spokeswoman for Creditsafe, shared details about the struggles Saks Fifth Avenue … Read more