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

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

Inside Saks Fifth Avenue's fight for its life: How a tumultuous 12 months left the retailer on the brink of bankruptcy

Tech Insider : Business, Economy, Technology
Torn Black Saks Fifth Avenue Shopping Bag.
Saks Global, the company behind some of the most iconic luxury department stores, is in trouble.

Getty Images; Alyssa Powell/BI

For the ultrawealthy, privacy is the ultimate travel status symbol

Tech Insider : Travel, Travel, Business
Villa with a pool
Ultrawealthy travelers are skipping luxury hotels and opting for private villas with more seclusion and privacy.

Andreas von Einsiedel/Getty Images

Luxury resale is taking over. From secondhand Birkins to used Rolexes, here's what you need to know.

Tech Insider : Business
Hermès Birkins at Fashionphile's New York flagship.
Fashionphile's New York City flagship features 15,000 items ready to be resold — including hundreds of Hermès Birkins, which consistently pull a high ROI.

Courtesy of Fashionphile

I'm an interior designer who works with wealthy clients. Here are 10 things I never see in their kitchens.

Tech Insider : Business, Style
A photo illustration of Benjamin Franklin doing a thumbs-down next to a modern kitchen.
If you want your kitchen to feel high-end, you may want to take notes.

Getty Images; BI

The hottest amenity in ultra-luxury buildings isn't the spa — it's a private restaurant downstairs

Tech Insider : Business
A rendering of a restaurant in Florida.
Resident-only restaurants are increasing in popularity.

Tara Berner & Partners

This 'shopping basket' Chanel bag just sold for a record-breaking amount

Tech Insider : Business
Chanel bag
The bag sold for more than $152,000.

CHRISTIE'S IMAGES LTD. 2025

A founder who built a business reselling handbags shares her top 3 tips for investing in luxury

Tech Insider : Business
Sarah Davis
Sarah Davis founded Fashionphile more than 25 years ago as an eBay account selling bags out of her home.

Courtesy of Fashionphile

How Qatar and Singapore are battling to be the best airport in the world

Tech Insider : Travel, Economy, Business

Thanksgiving is one of the busiest travel times of the year. We visited Qatar's Hamad International and Singapore's Changi airports to see how they stack up.

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