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Saks Might Ask the Court for Help to Fix Money Problems

FashionNetwork.com -09.01.26

Saks Global seeks to file for bankruptcy as soon as Sunday, Bloomberg News reports

Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News ⁠reported on Friday, citing people familiar with the matter.

🛍️ Saks Global is a big fancy store company that sells clothes and shoes. News says it may ask a court for help very soon.
🏛️ Asking the court for help is called bankruptcy. It does not mean closing forever. It means fixing money problems while staying open.
🏙️ The famous New York store on Fifth Avenue is very old and important. The company wants to make a new money plan soon.
💰 Saks is talking with helpers called creditors to borrow about 1.25 billion dollars. This money helps pay bills and workers.
🚪 During this time people can still shop there. The company hopes the plan will help it feel better and keep stores running.
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BBC Newsround - 19.07.25

Glasgow 2026: Official tartan revealed for next year's Commonwealth Games

The tartan features blue, pink and purple colours against a steel grey base, inspired by the Scottish ..

🎨 A new tartan was made just for the Glasgow 2026 Commonwealth Games! It has blue, pink, and purple colors on a grey background, inspired by Glasgow's shipbuilding past.

👗 A designer named Siobhan Mackenzie made the tartan. She will also design special tartan clothes for Team Scotland’s athlete.

🧵 Tartan is a colorful, checked fabric from Scotland.
People have used it for hundreds of years to make kilts and scarves. There are now about 7,000 different tartans!

🎭 The new tartan will be used for the Games’ mascot’s clothes.
We’ll find out who the mascot is later this month!

🏅 The Commonwealth Games will happen in Glasgow from July 23 to August 2, 2026. There will be 10 sports, like swimming, running, basketball, and gymnastics.

The Guardian - 6.09.25

Move over fashion week: Chanel and Dior soft launch creations at Venice film festival

Big brands use red carpets and gondolas in Italian city to show looks from newly installed designers

👗 Big fashion houses like Chanel and Dior showed off new clothes at the Venice Film Festival instead of waiting for fashion week.
🚤 Stars wore these outfits on red carpets and even on gondolas, making the city feel like a giant runway.
🌟 Famous actors like Tilda Swinton, Amanda Seyfried, and Timothée Chalamet wore “sneak peek” looks before the official shows.
♻️ Sharing clothes made headlines too Julia Roberts and Amanda Seyfried wore the same Versace outfit, which people called fun and eco-friendly.
🎬 Just like movie trailers, these fashion previews get people excited for what’s coming next at big fashion shows in Paris and beyond.

Fun Fact
  • Each Scottish clan traditionally has its own unique tartan pattern. These patterns were once used to identify which family or region someone belonged to!
  • Fashion houses spend up to £2 million on a single red carpet look for A-list celebrities
  • Gondolas in Venice are traditionally painted black by law, making them perfect backdrops for colourful fashion