COGNICURRENT

Jan 14 • 06:53 UTC • 🇬🇧 UK • Guardian

Saks Global files for bankruptcy after takeover leads to financial collapse

Saks Global has filed for bankruptcy just one year after a significant merger, raising concerns about the future of luxury retail in the US, although it has secured financing to keep its stores open temporarily.

#saks global #bankruptcy #retail #luxury fashion #neiman marcus

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