Saks Global files for bankruptcy amid luxury market strains
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January 14, 2026
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By Luciana Lopez, Nathaniel Meyersohn, CNN (CNN) — Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for bankruptcy protection late Tuesday. The company had struggled with a heavy debt load following its purchase of rival Neiman Marcus in 2024. The company filed for Chapter 11 in US Bankruptcy Court for the
Source: https://localnews8.com/feed/ - Read Original
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