The founder of First Brands, whose bankruptcy rattled Wall Street, charged in multibillion-dollar fraud

Tech Insider : Business
A woman crosses Wall Street
A woman crosses Wall Street

Momo Takahashi/BI

Saks is closing dozens of Off 5th and Last Call locations. Here's the full list.

Tech Insider : Business
saks off 5th
As part of its restructuring, Saks will close the majority its outlet stores.

effrey Greenberg/Education Images/Universal Images Group via Getty Images

See the 50,000-square-foot Gilded Age mansion at the center of a billion-dollar bankruptcy

Tech Insider : Business, Sports, Style
This photo shows the brick and carved-limestone front exterior and the grounds of the 1907 Crocker-McMillin mansion in Mahwah, New Jersey.
The 1907 Crocker-McMillin mansion -- modeled after a Jacobean-Age English estate -- in all its slate-shingled and carved-limestone glory.

Evan Joseph/Business Insider

Young TikTokers are reframing bankruptcy as a financial hack. Experts say it's far more complicated.

Tech Insider : Economy, Business

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I'm a designer, and Saks was my biggest customer. Now it owes me six figures, and I'm fighting to keep my business viable.

Tech Insider : Business
Fisayo Che
Fisayo Che, the founder of fashion brand Elisamama, counted on Saks for more than half of her business. The company's bankruptcy has left her questioning a yearslong partnership.

Courtesy of Fisayo Che

A fallen billionaire's bulletproof Mercedes sold at bankruptcy auction for $63,000. Here's how it went down.

Tech Insider : Economy, Business
Mercedes Benz

Joe Buglewicz for BI

Amazon is not happy with Saks

Tech Insider : Business
Saks Fifth Avenue logo; Amazon logo
Amazon is putting up a fight over Saks Global's bankruptcy financing plan.

Scott Olson/Getty Images; Matthias Balk/picture alliance via Getty Images

I went to Saks Fifth Avenue to see why the iconic department store was struggling. Hours later, it filed for bankruptcy.

Tech Insider : Business
Saks main floor
On the day it filed bankruptcy, Saks was nearly empty as sales associates waited to hear about the store's fate.

Madeline Berg/Business Insider

Saks owes hundreds of millions to luxury brands from Chanel to Burberry

Tech Insider : Business
A person enters the Saks Fifth Avenue department store in New York on January 13, 2026.
A person enters the Saks Fifth Avenue department store in New York on January 13, 2026.

ANGELA WEISS / AFP

Luxury retail giant Saks files for bankruptcy

Tech Insider : Business
saks
Saks Global, which owns the iconic Saks Fifth Avenue department store, has filed for bankruptcy.

Jimin Kim / SOPA Images/Reuters

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