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Saks Global Closes More Stores, Seeks Bankruptcy Restructuring

Saks Global Closes More Stores, Seeks Bankruptcy Restructuring

Washington DC News Today | 2 Min News | The Daily News Now! · The Daily News Now!

March 7, 20261m 28s

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Show Notes

Saks Global, parent of Saks Fifth Avenue and Neiman Marcus, is closing 15 stores amid bankruptcy, affecting employees. The company aims to streamline operations with $1.75 billion in financing, seeking a stronger comeback.

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