Vince CEO monitors Saks Global closely amid bankruptcy speculation
ByAinvest
Tuesday, Jan 13, 2026 1:28 pm ET1min read
VNCE--
Vince Holdings CEO Brendan Hoffman stated that the company is closely monitoring Saks Global's financial situation, which accounts for 7% of Vince's business. Hoffman noted that wholesale sales declined 2.7% in the holiday period, while DTC sales grew nearly 10%. Saks Global has been struggling with liquidity issues and missed an interest payment, prompting speculation of a possible bankruptcy.
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet