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Iconic retail franchise files for bankruptcy (but don’t count on it closing)

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/