In 1993, Shoshanna Lonstein Gruss gained fame for dating Jerry Seinfeld. She transitioned to a successful fashion designer, creating the Shoshanna clothing brand. The brand recently filed for Chapter 11 bankruptcy, along with Saks Global and Neiman Marcus.

Saks Global’s bankruptcy has a ripple effect on its suppliers, impacting vendors like Shoshanna Fashions. Saks struggled with cash flow issues, leading to delayed vendor payments. The bankruptcy filing will likely result in vendors not receiving full payment for their services.

Shoshanna Fashions filed for Chapter 11 bankruptcy protection alongside Saks Global. The brand has a long history of success, with a loyal customer base and presence in luxury retailers. The bankruptcy filing is part of a broader trend in the retail and apparel sector.

Read more at Yahoo Finance: 27-year-old luxury retailer files Chapter 11 bankruptcy