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    Great Scott

    Texas jewelry icon Kendra Scott marks 20-year milestone with very exclusive collection

    Hannah J. Frías
    Oct 17, 2022 | 2:57 pm
    Kendra Scott_Born to Shine

    2022 marks 20 years in business for Kendra Scott.

    Courtesy of Kendra Scott

    Texas entrepreneur, designer, Shark Tank guest shark, and philanthropist Kendra Scott is reaching a big milestone this year. After starting her jewelry business from home with just $500, the female founder marks two decades in business in 2022, and she's releasing a special collection to celebrate.

    Nowadays, Austin-based Kendra Scott is a household name, and customers of every age deem her chic, affordable accessories to be essential wardrobe staples. The hashtag #KendraScott trends every year during rush season for Greek societies at colleges across the country, with 131.3 million views to date.

    ”I am so proud of what my team and I have been able to create over the past 20 years at Kendra Scott," she tells CultureMap via email. "It’s incredible to see an idea that started in my spare bedroom turn into a fashion brand with over 2,600 employees and 130 stores nationwide. As a company comprised primarily of women, our core values of Family, Fashion, and Philanthropy are at the forefront of everything we do and have played a huge role in our success today."

    Even 20 years later, Scott stays true to those core values of family, fashion, and philanthropy, giving back to local, national, and international organizations every year. To date, she has donated over $50 million in philanthropic efforts; partnered with over 10,000 local causes through the Kendra Gives Back program, virtually and in-person; funded over 6,000+ research hours dedicated to improving treatment and prevention of metastatic breast cancer; and raised over $475,000 to support families touched by tragedy in national and local disasters.

    As part of celebrating 20 years in business, Scott is releasing a limited edition 20th Anniversary Collection for the holidays.

    Kendra Scott 20th Anniversary CollectionThe extremely limited collection launches Friday, October 14.Courtesy of Kendra Scott

    With just three styles, the special collection features a Dira gold diamond 38mm watch in ivory and mother-of-pearl ($8,995); the elegant Ellen 14K yellow gold drop earrings in white diamond ($4,500); and a delicate Dira 14K gold cushion pendant necklace with yellow lab-grown diamonds ($4,000). The extremely limited collection launched Friday, October 14, and will only have 20 pieces of each style available for purchase.

    "I cannot wait for the next 20 years," Scott shared, "to continue to show up for our customers, support our communities, and create beautiful, timeless jewelry for all.”

    jewelryfashion-beautycelebrities
    news/fashion
    popular

    Department store news

    Neiman Marcus owner files bankruptcy, leaving Dallas stores' fate unclear

    John Egan
    Jan 14, 2026 | 2:12 pm
    Neiman Marcus
    Neiman Marcus
    The fate of the Neiman Marcus flagship in downtown Dallas is up in the air.

    The fate of stores operated by Saks Global, parent company of the Dallas-based Neiman Marcus luxury retail chain, is up in the air following its bankruptcy filing on January 13 in U.S. Bankruptcy Court in Houston.

    For the time being, all of the roughly 160 stores under the Saks Global umbrella, including Neiman Marcus’ 36 locations, will remain open. Seven of Neiman Marcus’ stores are in Texas, including four in Dallas-Fort Worth.

    The more than $2 billion in debt that Saks Global amassed to acquire Neiman Marcus in 2024 helped push the company into bankruptcy court. According to The Wall Street Journal, Saks Global is the highest-profile department store chain to file for Chapter 11 bankruptcy since the pandemic.

    As part of its Chapter 11 bankruptcy case, announced in a news release January 14, Saks Global has secured about $1.75 billion in financing to keep the company afloat and its stores open. A bankruptcy judge must approve the financing package.

    In announcing the bankruptcy, Saks Global says it’s evaluating its store lineup “to invest resources where it has the greatest long-term potential. This approach reflects an effort to focus the business in areas where [our] luxury retail brands are best positioned for sustainable growth.”

    Chapter 11 bankruptcy allows a business to reorganize its finances and operations. For retailers, the process can include cost-cutting moves such as closing poorly performing stores.

    Effectively immediately, Geoffroy van Raemdonck has taken over the CEO role at Saks Global — following the recent departures of CEO Marc Metrick and his short-time successor, Richard Baker. Van Raemdonck, who relocated in 2023 from Dallas to New York City, was CEO of Neiman Marcus before Saks Global bought it in 2024 for $2.7 billion.

    “This is a defining moment for Saks Global, and the path ahead presents a meaningful opportunity to strengthen the foundation of our business and position it for the future,” van Raemdonck says in a press release. “I look forward to serving as CEO and continuing to transform the [company] so that Saks Global continues to play a central role in shaping the future of luxury retail.”

    The most notable DFW location of Neiman Marcus is the chain’s 129,000-square-foot flagship store in downtown Dallas, which the retailer owns.

    Saks Global said last February that it would close the iconic store, which debuted in 1914, on March 31, 2025. But days before the scheduled closure, Saks reversed course and decided to keep the store open — at least temporarily rescuing two of the flagship’s signature features, the upscale Zodiac Room restaurant and the elegant Bridal Salon.

    Here’s a list of Neiman Marcus’ seven locations in Texas:

    • Flagship store in downtown Dallas.
    • NorthPark Center in North Dallas (slated to undergo a $100 million renovation).
    • Shops at Clearfork in Southwest Fort Worth.
    • Shops at Willow Bend in Plano (scheduled to close in January 2027).
    • Galleria in Houston’s Uptown District.
    • Domain Northside in North Austin.
    • Shops at La Cantera in Northwest San Antonio.

    The retailer’s lower-price sister, Neiman Marcus Last Call, closed most of its locations in 2020 and 2021, but five remain open. They include stores at Grapevine Mills in Dallas-Fort Worth and San Marcos Premium Outlets in the Austin metro area.

    In Texas, high-end retailer Saks Fifth Avenue operates one traditional store at The Galleria in Houston and another at North Star Mall in North San Antonio, along with one appointment-only store at Fort Worth’s Bowie House and another at Austin’s Commodore Perry Estate. Across the country, Saks Fifth Avenue operates about 50 traditional and appointment-only stores.

    Saks’ lower-price sister, Saks Off 5th, announced in November that it was shuttering nine locations, including its store at Gateway Shopping Center in Northwest Austin. The closures will bring the brand’s store count to 70.

    luxuryneiman marcussaks globalbankruptcyshopping
    news/fashion
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