COGNICURRENT

Jan 14 • 14:47 UTC • 🇪🇸 Spain • El País

Bankruptcy of luxury department store chain Saks Global, which sells brands like Chanel and Burberry

Saks Global, the luxury department store chain, has declared bankruptcy but will keep its stores open after securing a $1.75 billion financing package for debt restructuring.

#bankruptcy #luxury #saks fifth avenue #retail #finance

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