COGNICURRENT

Jan 14 • 19:28 UTC • 🇵🇱 Poland • Rzeczpospolita

Luxury giant on the brink. Saks Global struggled after acquiring Neiman Marcus

Saks Global filed for Chapter 11 bankruptcy protection due to financial struggles exacerbated by its merger with Neiman Marcus and changing consumer behaviors.

#saks global #neiman marcus #bankruptcy #retail #consumer behavior

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