Global Scissors

Famous designer fashion retailer files for Chapter 11 bankruptcy

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Famous designer fashion retailer files for Chapter 11 bankruptcy

Back in 1993, Shoshanna Lonstein Gruss, then just Shoshanna Lonstein, became a tabloid darling for dating Jerry Seinfeld at the height of his sitcom fame. This was before she could be famous on social media, but essentially, she was one of the first influencers, parlaying the fame of her four-year relationship into a successful career … Read more

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

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

“The woman doth protest too much, he thinks.” 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, head of the brand and spokesperson for Creditsafe, shared data about the struggles Saks … Read more