High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday, barely a year after a deal intended to create a luxury powerhouse brought Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus under the same roof.

The filing cast uncertainty over the future of the iconic U.S. luxury fashion brand, though Saks said early on Wednesday that its stores would remain open for now after it finalized a $1.75 billion financing package and appointed a new chief executive.

There are about 33 Saks stores and 36 Neiman Marcus locations, according to the company, as well as two Bergdorf Goodman stores and roughly 70 Saks Off 5th discount stores.