Saks Global files for bankruptcy after Neiman Marcus takeover leads to financial collapse
Jan 13 (Reuters) - High-end department store conglomerate Saks Global filed for bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic.
The move cast uncertainty over the future of U.S. luxury fashion barely a year after a takeover that brought Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus under the same roof.
(Reporting by Juveria Tabassum, Anuja Bharat Mistry, Sanskriti Shekhar and Savyata Mishra in Bengaluru and Nicholas P. Brown and Dietrich Knauth in New York; Editing by Sriraj Kalluvila, Lisa Jucca, Rosalba O'Brien and Jamie Freed)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BitMine Leadership Just Responded After Contentious Shareholder Meeting
Brandt Issues Extremely Bearish Altcoin Warning
10 New Presale Crypto Projects That Could Deliver 100x–10,000x Gains Before Listings Begin
Trending news
MoreCrypto prices
More
