COGNICURRENT

Jan 14 • 07:58 UTC • 🇬🇷 Greece • Proto Thema

Saks Global: From luxury to bankruptcy – The collapse after the acquisition of Neiman Marcus

Saks Global Enterprises has filed for bankruptcy protection while securing $1.75 billion in financing, changing its CEO, and attempting a restructuring amid falling sales and increasing debt.

#saks global #neiman marcus #bankruptcy #finance #retail

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