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9 hours ago

Saks Global Collapses into Bankruptcy Following Neiman Marcus Merger

Saks Global, the retail conglomerate behind Saks Fifth Avenue, Bergdorf Goodman, and Neiman Marcus, filed for bankruptcy protection this week. Less than a year after the headline-making merger that aimed to create a North American giant. The $1.75B US financing package now in place will keep stores open for now, but the court's filing reveals staggering liabilities between $1 billion and $10 billion. The company cited supply chain disruptions and vendor confidence as key fact

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