Saks Global has filed for bankruptcy protection

Posted by Robin on 14 January 2026 2 Comments

Saks Global has filed for bankruptcy protection after collapsing under the financial strain of its US$2.7bn acquisition of department store chain Neiman Marcus in 2024.

The luxury US retailer commenced voluntary Chapter 11 cases in the US Bankruptcy Court for the Southern District of Texas to facilitate its ongoing transformation.

Department stores Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call and Horchow will all remain open for trading during this period.

— Read more in Saks Global files for bankruptcy under financial strain of Nieman [sic] Marcus takeover at Cosmetics Business.

Heading to bankruptcy court

Posted by Robin on 10 January 2026 6 Comments

Indeed most of the chains [Saks Global executive chairman and newly appointed CEO Richard] Baker has touched in the last two decades have failed—and reports over the weekend suggest the Saks Fifth Avenue, Neiman Marcus, and Bergdorf Goodman luxury department stores that he brought together in a 2024 deal that created Saks Global could be heading to bankruptcy court soon. (The company had been known as Hudson’s Bay Company for years, but switched to Saks Global when Baker spun out Saks and bought its arch-rival Neiman.)

313 Cameron Street

Posted by Robin on 9 January 2026 Leave a Comment

A new perfume boutique with an emphasis on niche fragrances is opening on Cameron Street in Old Town next week.

Arielle Shoshana will officially open its doors at 313 Cameron Street next Wednesday, Jan. 14, with a ribbon cutting scheduled at 5:30 p.m. Mayor Alyia Gaskins will be in attendance, the business announced this morning (Thursday).

— Arielle Shoshana is moving from Fairfax to Alexandria (both in Virginia). Read more in New ‘niche’ fragrance boutique plans Old Town debut, ribbon cutting next week at ALX Now.

The brick-and-mortar fragrance business is booming

Posted by Robin on 25 October 2025 4 Comments

While sniffing via a screen is a technology yet to be cracked, the brick-and-mortar fragrance business is booming: 75 percent of fragrance sales in the U.S. happen in stores. And over the past year, it’s seemed as if every other boutique opening in the city is a perfumer or a home-fragrance shop. [...] Naked Ghosts (66 Greenwich Ave.), which opened in the summer, offers a tight selection of niche eaux (such as Annindriya and Chester Gibs’s Walk With Me) chosen by store co-founder Christophe Laudamiel, a perfumer whose own fragrances are for sale.

— Read more in What’s That Smell? 11 New Fragrance Stores Open in New York magazine.

500 customers

Posted by Robin on 24 September 2025 Leave a Comment

Hall set out on a business plan in October 2024, and within months, she had a small business loan and a lease on a retail space in downtown Salt Lake City. In July, she opened Solvi, offering perfumes by Chicago indie brand Pearfat and Australian label Peosym, for example. On her first day, she had 500 customers.

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Now Smell This

a blog about perfume

Saks Global has filed for bankruptcy protection

Heading to bankruptcy court

313 Cameron Street

The brick-and-mortar fragrance business is booming

500 customers