Saks Fifth Avenue files for bankruptcy after Neiman Marcus takeover leads to financial collapse

High-end department store conglomerate Saks Global filed for ‌bankruptcy protection late on Tuesday in one of the largest retail collapses since the pandemic. Saks Fifth Avenue, an affiliate of Saks Global, listed $1 billion to $10 billion in assets and liabilities, according to court documents filed in US Bankruptcy Court in Houston, Texas. Saks Global […]