Saks Seeks Bankruptcy Protection and Names New CEO

PYMNTS / pymnts - Luxury retail company Saks Global has declared bankruptcy amid mounting debts. The company, which owns Saks Fifth Avenue stores as well as department stores Bergdorf Goodman and Neiman Marcus, entered Chapter 11 bankruptcy in Texas, it said in a Wednesday…

#ecommerce #banking #stockmarket #business #fashion #economy #law

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