Saks Global Enterprises filed for Chapter 11 bankruptcy protection, a humbling turn in a chapter of the iconic luxury retailers history marked by mounting losses, flagging turnaround efforts and subs… [+458 chars]
Saks Files for Bankruptcy a Year After Adding Debt to Buy Neiman - Bloomberg.com
Saks Global Enterprises filed for Chapter 11 bankruptcy protection, a humbling turn in a chapter of the iconic luxury retailer’s history marked by mounting losses, flagging turnaround efforts and substantial merger-related debt.
By:Reshmi Basu, Eliza Ronalds-Hannon
Source:Bloomberg
Published:
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