Oren Bitan Quoted in New York Post Article “Despite Saks Fifth Avenue’s bankruptcy filing, your local store isn’t closing — yet”

By: Emily Davis

“Oren Bitan, partner at the business law firm Buchalter, told The Post that Saks Global has been ‘teetering,’ since the debt-ridden deal in 2024, which took on 36 Neiman Marcus stores across 17 states and two Bergdorf Goodman stores in New York.

‘There’s been sort of whispered rumors, are they going to shut everything down, abandon these flagship stores?’ Bitan said. ‘Appears to be they’re not willing to throw in the towel just yet, and getting $1.75 billion in financing certainly gives you some ammunition to stay alive.'”

To read the full article as published by the New York Post, click here.