Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for bankruptcy protection late Tuesday. The company had struggled with a heavy debt load following its purchase of rival Ne… [+2493 chars]
Saks Global files for bankruptcy amid luxury market strains - CNN
Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for bankruptcy protection late Tuesday, according to court documents filed in US Bankruptcy Court in Houston, Texas.
By:Luciana Lopez, Nathaniel Meyersohn
Source:CNN
Published:
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