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Only 15 Saks Fifth Avenue locations will remain after the latest wave of store closures

Saks Fifth Avenue's Chicago location
Saks Fifth Avenue's Chicago location is among the 20 locations that the company is shutting down.

Courtesy of Saks Global

  • Saks Global is closing more stores, including locations of its flagship brand and Neiman Marcus.
  • In January, Saks filed for bankruptcy after failing to pay vendors for over a year.
  • The company says it is now focusing on the luxury sector.

Saks Global, the bankrupt company behind Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman, is continuing to close stores.

In March, the company said it would close 10 Saks Fifth Avenue and two Neiman Marcus locations. The news came after a February announcement that it would close eight Saks Fifth Avenue stores and one Neiman Marcus, as well as nearly all of its Saks Off Fifth and Neiman Marcus Last Call locations.

Following the closures, only 15 Saks Fifth Avenue locations will remain open, according to an updated press release. Thirty-three Neiman Marcus stores will continue operating, the company said.

"Our go-forward store portfolio will comprise the best performing and most desirable locations in markets with the highest concentration of luxury customers," Geoffroy van Raemdonck, Saks Global's new CEO, said in a statement announcing the closures.

Word of the latest wave of closures came with some good news for the company: More than 500 brands have resumed shipping to Saks' retailers after the company had struggled with inventory for months.

"The Company has reached or nearly reached agreements with more than 175 brands across all categories," the statement said.

In January, Saks Global filed for Chapter 11 bankruptcy protection following a year marked by missed payments and restructuring. The company owes hundreds of millions of dollars to brands like Chanel and LVMH.

As part of its turnaround plan, Saks said in January that it was "sharpening its focus on luxury" and would close the majority of its discount stores.

Saks Off 5th's website, a separate legal entity from Saks Global, hosted a liquidation sale and is shutting down.

Earlier in January, Saks shut down a facility in Florida and said it would lay off at least 74 positions.

Here is the full list of Saks Fifth Avenue, Saks Off 5th, Neiman Marcus, and Last Call locations closing:

Saks Fifth Avenue locations closing:

1. The Summit (Birmingham, AL)

2. Polaris Fashion Place (Columbus, OH)

3. American Dream (East Rutherford, NJ)

4. Shops at Canal Place (New Orleans, LA)

5. Bala Plaza (Philadelphia, PA)

6. Biltmore Fashion Park (Phoenix, AZ)

7. Stony Point Fashion Park (Richmond, VA)

8. Utica Square (Tulsa, OK)

9. Beachwood Place (Beachwood, OH)

10. Wisconsin Avenue (Chevy Chase, MD)

11. Michigan Avenue (Chicago, IL)

12. South Coast Plaza (Costa Mesa, CA)

13. Las Vegas Boulevard (Las Vegas, NV)

14. Long Island (Huntington Station, NY)

15. Triangle Town Center (Raleigh, NC)

16. North Star Mall (San Antonio, TX)

17. Plaza Frontenac (St. Louis, MO)

18. Tysons Galleria (Tysons, VA)

Neiman Marcus locations closing:

1. Copley Place (Boston, MA)

2. Ala Moana (Honolulu, HI)

3. Topanga (Canyon Park, CA)

Saks Off 5th locations closing

1. Mebane (Mebane, NC)

2. Charleston (Charleston, SC)

3. Grand Prairie (Grand Prairie, TX)

4. Ala Moana (Honolulu, HI)

5. Petaluma (Petaluma, CA)

6. Glendale (Glendale, AZ)

7. Tucson (Tucson, AZ)

8. Merrimack (Merrimack, NH)

9. Riverhead (Riverhead, NY)

10. Clinton (Clinton, CT)

11. North Atlanta (Woodstock, GA)

12. Aurora Chicago (Aurora, IL)

13. Dallas Park (Dallas, TX)

14. Northbrook (Northbrook, IL)

15. Eagan (Eagan, MN)

16. Columbus (Columbus, OH)

17. San Diego (San Diego, CA)

18. Camarillo (Camarillo, CA)

19. Ontario (Ontario, CA)

20. Milpitas (Milpitas, CA) 21. State Street (Chicago, IL)

22. Stamford High Ridge (Stamford, CT)

23. Greenburgh (Greenburgh, NY)

24. Arundel (Hanover, MD)

25. Hawaii (Honolulu, HI)

26. Palm Desert (Palm Desert, CA)

27. Scottsdale (Scottsdale, AZ)

28. Phoenix (Chandler, AZ)

29. Eastchester (Eastchester, NY)

30. Bridgewater (Bridgewater, NJ)

31. Clarksburg (Clarksburg, MD)

32. Deer Park (Deer Park, NY)

33. Shrewsbury (Shrewsbury, NJ)

34. Elizabeth (Elizabeth, NJ)

35. Boston (Somerville, MA)

36. Wrentham (Wrentham, MA)

37. Orlando Vineland (Vineland, FL)

38. Naples Park Shore (Naples, FL)

39. Orlando (Orlando, FL)

40. Tampa (Lutz, FL)

41. Ellenton (Ellenton (Tampa), FL)

42. Destin (Destin, FL)

43. Charlotte (Charlotte, NC)

44. Atlanta (Woodstock, GA)

45. Hilton Head (Bluffton, SC)

46. Rosemont (Rosemont, IL)

47. Cypress (Cypress, TX)

48. Sugarland (Sugarland, TX)

49. Katy (Katy, TX)

50. Costa Mesa (Costa Mesa, CA)

51. Beverly Connection (Los Angeles, CA)

52. Woodland Hills (Woodland Hills, CA)

53. Las Vegas N (Las Vegas, NV)

54. Livermore (Livermore, CA)

55. San Antonio (San Antonio, TX)

56. Cabazon (Cabazon, CA)

57. Las Vegas S (Las Vegas, NV)

Last Call locations closing:

1. Sawgrass Mills (Sunrise, FL)

2. Desert Hills Premium Outlets (Cabazon, CA)

3. Grapevine Mills (Grapevine, TX)

4. San Marcos Premium Outlets (San Marcos, TX)

5. The Outlets at Orange (Orange, CA)

Update: April 7, 2026 — This story has been updated to include the latest number of Saks Fifth Avenue locations that will remain open.

Read the original article on Business Insider

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Eddie Bauer's nearly 200 stores in the US and Canada are expected to close after a failed sale effort

Eddie Bauer store closing sale.
Nearly 200 Eddie Bauer stores across the US and Canada are expected to close.

Tim Boyle/Getty Images

  • The nearly 200 remaining Eddie Bauer stores in the US and Canada are expected to close.
  • The operating entity behind the North American retail stores failed to find a buyer.
  • Store closing sales are projected to end before April 30, according to bankruptcy court documents.

Shoppers will likely soon have to say goodbye to Eddie Bauer's retail stores across the US and Canada.

Nearly 200 North American storefronts of the iconic outdoor apparel chain are expected to shut down after the operating entity behind the stores failed to find a buyer during its Chapter 11 restructuring.

Liquidation sales have been underway at the US and Canadian stores, Eddie Bauer LLC — an entity of retail holding company Catalyst Brands that licenses the rights to operate Eddie Bauer stores across North America — has said in court documents.

Those store-closing sales are projected to wrap up before April 30, according to recent court filings in the company's bankruptcy case.

The Eddie Bauer storefronts span 40 US states and six Canadian provinces, and employ roughly 2,200 people, the court documents say.

A planned March 6 auction for all or part of the North American store operating business was canceled after the company failed to receive any qualified bids, according to court papers filed earlier this month.

"The debtors will continue store-closing sales at all of their brick-and-mortar locations unless and until a more value-maximizing transaction becomes available," the company said in a filing.

Meanwhile, retail real-estate advisory firm RCS Real Estate Advisors said earlier this month that it was actively marketing about 174 Eddie Bauer store leases totaling more than 1 million square feet.

The stores average roughly 6,300 square feet and are located in states including California, New York, New Jersey, and Washington.

"This portfolio represents a rare opportunity to secure legacy retail locations in established centers nationwide," Ivan Friedman, the president and CEO of RCS Real Estate Advisors, said in a statement.

The operating entity behind the stores filed for Chapter 11 in federal bankruptcy court in New Jersey last month amid mounting debt and falling sales.

The bankruptcy does not affect Eddie Bauer's manufacturing, wholesale, or e-commerce operations, nor its retail business outside the US and Canada. Japan is home to several Eddie Bauer stores.

Founded more than a century ago, the Eddie Bauer brand built its reputation on durable outdoor gear and clothing designed to withstand extreme conditions.

Eddie Bauer LLC declined to comment beyond its court filings.

Read the original article on Business Insider

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O discreto gestor que cuida do patrimônio de US$ 1,4 bilhão de Cristiano Ronaldo

Primeiro jogador de futebol a ter uma fortuna avaliada em mais de US$ 1 bilhão, o português Cristiano Ronaldo é uma das maiores estrelas do esporte e a pessoa mais seguida no Instagram. Seu gestor de patrimônio, no entanto, prefere manter distância dos holofotes.

Miguel Marques, de 52 anos, é uma figura discreta, mas fundamental, na gestão da imensa fortuna de Cristiano Ronaldo. De um escritório em Lisboa, acima de uma loja da Louis Vuitton, na elegante Avenida da Liberdade, o executivo português ajuda o jogador de futebol a investir e proteger seu patrimônio líquido, hoje estimado em US$ 1,4 bilhão.

Marques é mencionado como CEO e chairman do conselho da LMcapital Wealth Management, sediada em Lisboa. Sua experiência anterior inclui passagens na subsidiária portuguesa do Anglo Irish Bank Suisse, posteriormente adquirida pelo suíço Hyposwiss.

O gestor de patrimônio também consta como diretor no hotel Pestana CR7 do craque em Manchester, cidade do norte do Reino Unido onde o jogador, hoje no Al Nassr, da Arábia Saudita, alcançou o estrelato global ao jogar pelo Manchester United.

Marques não quis comentar sobre as finanças de seu cliente quando contatado pela Bloomberg, e alegou razões de privacidade.

Gestores de patrimônio de estrelas do esporte tendem a ter um grupo de atletas, com grandes bancos e boutiques oferecendo uma ampla gama de serviços. Mas, à medida que a fortuna de alguns atletas atinge patamares estratosféricos, a necessidade de um family office próprio começa a aumentar. Michael Jordan, também bilionário, tem a Jump Management, enquanto o Team8, de Roger Federer, ajuda a administrar seus investimentos.

Cristiano Ronaldo em segredo

As relações de negócios de Cristiano Ronaldo são construídas com base em confiança e lealdade, de acordo com pessoas familiarizadas com suas atividades.

O jogador prefere consultar um grupo próximo de assessores e amigos para decisões de investimento, especialmente aqueles que demonstram discrição. Indivíduos que ele considera indiscretos são rapidamente excluídos de seu círculo íntimo.

Esses investimentos geralmente refletem uma profunda conexão com seu país de origem.

Ele recorreu a Marques para ajudar a marcar reuniões com investidores quando considerava adquirir uma participação no clube de raquete Cidade do Padel, com sede em Lisboa.

Há alguns anos, Ronaldo também adquiriu discretamente um amplo terreno na Quinta da Marinha, um exclusivo resort residencial e de golfe. O terreno de aproximadamente 9.000 metros quadrados, um dos mais cobiçados da região, está sendo transformado no que se espera ser uma das residências mais privadas e seguras do litoral português.

O negócio foi fechado por meio de intermediários. Segundo Miguel Champalimaud, proprietário do terreno e do resort, o nome de Cristiano Ronaldo foi mantido em segredo até o final das negociações.

“Só descobri no dia em que o negócio foi fechado”, disse. “Os intermediários esconderam o nome do Ronaldo até o fim.”

Um dos que zelosamente guardavam a identidade de seu cliente era Marques, o discreto gestor encarregado de administrar a fortuna do eleito cinco vezes melhor jogador do mundo.

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