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Luxury retailer Saks Global has filed for bankruptcy, preparing to reposition itself in the increasingly competitive upscale market after obtaining about $1.75 billion in financing commitments. The New York-based private company that owns retailers Saks Fifth Avenue and Neiman Marcus said in a relea......
Source: The Horn News
Original URL: https://thehornnews.com/iconic-retail-franchise-files-for-bankruptcy-but-dont-count-on-it-closing/