On January 26, U.S. makeup brand Pat McGrath Labs filed for Chapter 11 bankruptcy protection under the U.S. Bankruptcy Code.
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On January 23, Authentic Brands Group (ABG) announced that it has taken the American denim brand Guess private.
On January 21, British luxury brand Burberry announced that its retail comparable store sales rose 3% year on year in the third quarter of fiscal year 2026, covering the 13 weeks ended December 27, 2025.
On January 20, Sephora, a global leader in prestige beauty retail, and CJ Olive Young, Korea’s leading beauty and health retailer, announced a strategic partnership to bring cutting-edge and highly sought-after K-beauty to consumers worldwide.
On January 15, Swiss luxury group Richemont announced its results for the third quarter ended December 31, 2025. Group sales reached €6.4 billion, representing an 11% year-on-year increase at constant exchange rates.
Saks Global Files for Chapter 11: Creditors Estimated at Up to 25,000, Liabilities Up to $10 Billion
The U.S. luxury department store group Saks Global has filed for Chapter 11 bankruptcy protection. The company estimates it has up to 25,000 creditors, with total liabilities reaching as much as $10 billion, and global luxury brands including Chanel are listed among its unpaid creditors.
On January 14, U.S. luxury department store group Saks Global announced that it has filed for protection under Chapter 11 of the U.S. Bankruptcy Code.
On January 12, U.S. apparel giant American Eagle Outfitters announced that it achieved record-high sales during the fourth-quarter 2025 holiday season.
The world’s largest retail industry conference, NRF Retail’s Big Show 2026, has opened in New York. On the first day, the world’s largest luxury group, LVMH, took the stage under the theme “The Fusion of Craft and Intelligence,” presenting its vision for luxury in the age of AI—not as a set of tactics, but as a guiding philosophy.
As financial uncertainty deepens at Saks Global, one of the world’s largest multi-brand luxury retail groups, Italian luxury brand Brunello Cucinelli has made clear that it will continue to stand by its department store–focused wholesale strategy, Reuters reports.