Saks Global files for bankruptcy
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Photo: Saks Fifth Avenue in Greenwich, CT – February 8, 2017. Photo credit: Paul Sableman via Wikimedia Commons / Flickr. CC BY 2.0. Article by Molly Liebergall. Morning Brew – January 14, 2026.
Prepare for some luxurious going-out-of-business sales. Facing heavy debt and declining revenue, the parent company of Saks Fifth Avenue and Neiman Marcus filed for bankruptcy protection yesterday, a year after the two entities merged in a deal that was supposed to solve everything. […]
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Is Saks closing stores? What we know amid CEO changes, bankruptcy – USA Today
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